Tuesday, November 8, 2011

Nifty Level November 8, 2011

The famous Gap has been filled beautifully, what next.....!!
Again everyone is waiting for some news because we all are human beings and wait for some news to move ahead.
I do not see much turmoil in Tuesday session and my nifty levels are as follows

-watch out for 5321 to 5325 range, it will continue to provide stiff resistance because of 200 EMA
-5255 to 5260 is important support as being middle of the famous void
-5200 is 100 DEMA hence very strong support5353 > 5321 to 5325 > 5300 > 5280 > 5260 to 5255 > 5240

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