TRADING THE NIFTY ON 7th NOVEMBER
The Nifty is showing signs of slow
return to stronger zone. We need more confirmation signals to assure this
trend. The pivot level remains at 5716. If the Nifty opens below this
level, the Nifty could touch 5704 or 5691.
On the higher side levels of 5742 and 5767 are some possibilities.
|
NIFTY
|
Classical
|
Camerilla
|
Fibonacci
|
DeMark
|
|
Resistance 4
|
|
5745
|
|
|
|
Resistance 3
|
5776
|
5735
|
5753
|
|
|
Resistance 2
|
5753
|
5731
|
5739
|
5753
|
|
Resistance 1
|
5739
|
5728
|
5730
|
5739
|
|
Pivot Point
|
5716
|
5716
|
5716
|
5716
|
|
Support 1
|
5702
|
5721
|
5702
|
5702
|
|
Support 2
|
5679
|
5718
|
5693
|
5679
|
|
Support 3
|
5665
|
5714
|
5679
|
|
|
Support4
|
|
5704
|
|
|
Happy trading
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