CURRENT NIFTY CHART
In the above chart we can notice a spinning top pattern appearing.
This pattern normally indicates the continuation of the current trend. We have
noticed the current trend last week. the Nifty did not lose its strength. It tried to hold its ground. Until we see a
different pattern in the chart we can expect the nifty to travel sideways. From
here onwards the Nifty could climb to
see levels of 5729,5742 and 5749.
On the lower side if it opens below the pivot and becomes weak,
levels of 5707, 5694 and 5682 could be seen.
For Nifty too I have given various types of pivot levels below. Kindly note that the Camerilla pivot levels will have addition support and resistance compared to other pivots. Traders
who are well aware of these levels can utilize them for day trading.
I wish everyone good trading!
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NIFTY
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CLASSICAL PIVOT LEVELS
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CAMERILLA PIVOT LEVELS
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FIBONACCI PIVOT LEVELS
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Resistance 4
|
-
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5735
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-
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Resistance 3
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5759
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5727
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5741
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|
Resistance 2
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5741
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5724
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5730
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Resistance 1
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5730
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5722
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5723
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Pivot Levels
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5712
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5712
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5712
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Support 1
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5701
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5716
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5701
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Support 2
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5683
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5714
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5694
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Support 3
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5672
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5711
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5683
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Support4
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-
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5703
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-
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