TRADING THE NIFTY ON 1st
NOVEMBER
The Nifty is still in the bearish zone. Still
there is no definite direction could be established. The Nifty has to move
above 5657 levels to show its strength. If this level is crossed, we can expect
the Nifty to see levels of 5670 and 5683. But if the Nifty is going to continue
its downward trend levels of 5607, 5565 and 5583 will be tested.
The Pivot levels for 2nd
November are given below for day
traders.
|
NIFTY
|
Classical
|
Camarilla
|
Fibonacci
|
DeMark
|
|
Resistance 4
|
5671
|
|||
|
Resistance 3
|
5710
|
5658
|
5680
|
|
|
Resistance 2
|
5680
|
5654
|
5662
|
5680
|
|
Resistance 1
|
5663
|
5649
|
5651
|
5663
|
|
Pivot Point
|
5632
|
5632
|
5632
|
5632
|
|
Support 1
|
5615
|
5641
|
5614
|
5615
|
|
Support 2
|
5584
|
5636
|
5603
|
5584
|
|
Support 3
|
5567
|
5632
|
5584
|
|
|
Support4
|
5619
|
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