The Nifty is in Bearish zone. Major indicators are pointing at lower
levels. I do believe that the Nifty could climb down. From the current closing of 5666.95 it can go
up passing 5697 and touching 5716 if a positive opening above the pivot. However considering the status
of the Nifty, it could test levels of 5646 and 5627
NIFTY
|
Classical
|
Camarilla
|
Fibonacci
|
DeMark
|
Resistance 4
|
5688
|
|||
Resistance 3
|
5728
|
5677
|
5713
|
|
Resistance 2
|
5713
|
5674
|
5699
|
5713
|
Resistance 1
|
5690
|
5670
|
5690
|
5690
|
Pivot Point
|
5675
|
5675
|
5675
|
5675
|
Support 1
|
5652
|
5663
|
5661
|
5652
|
Support 2
|
5637
|
5660
|
5652
|
5637
|
Support 3
|
5614
|
5657
|
5637
|
|
Support4
|
5646
|
The above pivots are
valid for 15th November and happy trading
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