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NSE Index Futures Support Resistance for Nov 13, 2013

Make My Trade, India | Nov 13, 2013

  • Trading as per support and resistance levels may be quite useful for daily (Intra-day) trading in NSE Index futures.
  • Resistance is termed as the level where the satock/index future generally gets some opposite force before it can go further up.
  • A support is the level where a stock/index future 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 stock/index future 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-intraday
Nifty Future Levels for 13th Nov’13
Pivot Level = 6094
Support1 6034 Resistance1 6124
Support2 6003 Resistance2 6184
Support3 5943 Resistance3 6214
Bank Nifty Future Levels for 13th Nov’13
Pivot Level = 10744
Support1 10542 Resistance1 10844
Support2 10441 Resistance2 11046
Support3 10240 Resistance3 11146

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