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NSE Index Futures Support Resistance for 12th November 2013

  • Trading as per support and resistance levels may be quite useful for intraday trading in Index Futures.
  • Resistance is termed as the level where the NSE Nifty/Bank Nifty generally gets some opposite force before it can go further up.
  •  A support is the level where a Nifty/Bank Nifty get buying interest before it can fall further.
  • Under the normal market conditions or in the absence of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying/selling.
  • In general, it is advisable to buy the Nifty/Bank Nifty at support levels and sell at the resistance levels.
  • In Intraday, there are few support and resistance levels known as Support1, Support2, Resistance1, Resistance2, etc
Nifty Future Levels for 12th Nov’13
Pivot Level = 6145
Support1 6101 Resistance1 6176
Support2 6069 Resistance2 6220
Support3 6025 Resistance3 6252
Bank Nifty Future Levels for 12th Nov’13
Pivot Level = 10874
Support1 10728 Resistance1 10986
Support2 10615 Resistance2 11132
Support3 10469 Resistance3 11245

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