Nifty Outlook for 19th November’ 2012

On Friday Indian market closed on a red note. This is the biggest fall since July 26.

Indian equity market worries about the winter session of parliament and weakness in global markets and also 2G auction hit Indian markets. The Nifty fell from the important support level of 5600.

Nifty Closing Session (16th November): 

Close: 5574.05, Down -56.95 Points(-1.01%)

Day’s High: 5,650.15

Day’s Low: 5,559.80

Sensex Closing Session (16th November): 

Close: 18309.37, Down -162.00 Points (-0.88%)

Day's High: 18,563.32 

Day's Low: 18,266.76

Nifty Levels for 19th November’ 2012

Pivot Level = 5594.67
Support Level 1 = 5539.18

Support Level 2 = 5504.32

Resistance Level 1 = 5629.53

Resistance Level 2 = 5685.02

 Nifty Simple Moving Averages:

30 Days = 5,684.11

50 Days = 5,623.02

150 Days = 5,314.73

200 Days = 5,320.73