TRADING THE NIFTY ON 9th NOVEMBER
|
NIFTY
|
Classical
|
Camarilla
|
Fibonacci
|
DeMark
|
|
Resistance 4
|
|
5767
|
|
|
|
Resistance 3
|
5808
|
5753
|
5776
|
|
|
Resistance 2
|
5776
|
5748
|
5757
|
5776
|
|
Resistance 1
|
5758
|
5743
|
5745
|
5758
|
|
Pivot Point
|
5726
|
5726
|
5726
|
5726
|
|
Support 1
|
5707
|
5734
|
5706
|
5707
|
|
Support 2
|
5675
|
5729
|
5694
|
5675
|
|
Support 3
|
5656
|
5725
|
5675
|
|
|
Support4
|
|
5711
|
|
|
The Nifty has not made any significant
moves yesterday, to predict its future course. It is still in the strong zone,
it is not making any stronger moves. As I write this post the Asia pacific
region was in the red. Therefore we should not expect any positive moves from
nifty.
If the Nifty opens below the pivot of
5726, then levels of 5700 and 5688 can
be tested. It can travel down even lower to touch 5675. On the upper side, 5738
and 5751 are some possibilities.
Happy trading
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