
In the light of World market, Nifty may open 50 point gap down which is equal to 1% of nifty current level hence opening should be around 5280. My Niftybarometer suggest stiff resistance at 5265, 5240 and 5205.
My Nifty level for Nov 1, 2011 is
(Should not open above 5300) 5280>5265>5240>5225>5205
I do not see Nifty below 100 DMA today i.e 5221. This will give very good support to save Nifty any further blow today
keep in mind it's time to fill the void.....
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