Thursday, 3 November 2011

Outcome of Nifty for 3rd November



Nifty Future clearly mentioned will face immediate support at 5251-5263. If trades below this level for some time we may see selling pressure till 5223-5208. Verify it Opened at 5258 rushed above 5263 but finally failed to hold the level of 5251 and then was pulled down to 5223 the indicated level, making a low of 5221 for the day. 




The key level of 5223 worked wonders it took the support and zoomed crossing the resistance of 5263 battling to touch 5337 finally making a high of 5315 for the day. 



Now that’s what you call the influence of levels.

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