Monday, November 26, 2012

NIFTY VIEW NOV 26

GM
Today’s trading levels for Nifty Future:
Resistance: 5646-5688-5719-5753
Support: 5633-5629-5595-5582-5570-5557-5547
Today, 5646 is an important resistance for NF. On crossover above it with volumes and remaining above it will take NF to 5688. Above 5688, NF will go up to 5719. If NF manages to cross 5719 level too then next hurdle is 5753.
Today on close above 5646 will indicate reversal. Today, more higher closing above 5646, more stronger the reversal.
On lower side, 5633-5629 are supports to watch. On break below it will take NF to 5595-5582. Chances are less of breaking these levels but if NF manages to break these levels too then also there is a support zone of 5570-5557-5547.
Some suspicious selling was happened in Nifty stocks. What was it, a genuine mistake or some indication?

Regards,
Analsyenifty Team

No comments:

Post a Comment