Wednesday, November 9, 2011

Nifty Level for November 9, 2011

After previous day pullback in second half of trade Nifty is very likely to touch the high again.

-5311 to 5317 and 5325 to 5335 is struggling period as there are high points at different time
-5281 continue to be strong support for today movement as there is more condense line in Nifty barometer. I do not see Nifty below this. Anyone can use this limit as SL for any long position.
-For any decisive up-move 5340 need to breach

My Nifty Level

5280 > 5295 > 5305 > 5317 > 5325 > 5335 to 5340 > 5360

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