Nifty Futures closed on expiry at 5705.30 with a gain of 55 points for the October series. The low of this series at 5637.40 which is the critical level for November series. The pivot for November Series is at 5747 and the close for this series was at 5751. The resistance on the upside for nifty futures are 5821 and 5898. The supports on the downside are 5670 and 5595. Positional players can buy above 5747 with stop loss of 5727 for the targets given above. Fridays closing will be important and close above the pivot will be positive.
Intraday traders can look at the levels on nifty futures given below to trade on Friday. The holiday of Friday has been shifted to Saturday so markets are open tomorrow. Please visit above site for clarifications.
No trade between 5732 and 5770(To avoid whipsaws)
Buy above 5770 sl of 5750
targets 5789-5808(add positions, breakout on the upside),
5827-7846-5865-5884-5903.
Sell below 5732 sl of 5752
targets 5713-5694(add positions,breakout on the downside)
5675-5656-5637-5618-5599.
Happy Trading !!!
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