Nifty Outlook for 6th November’ 2012

Today Indian market closed with green signal. Global trends muted by us elections.

The Nifty ended at 5704.20, up 6.50 points (0.11 %). Its highest closing since 25th October’ 2012. It touched a high of 5709.20 and a low of 5679.50 in intraday trade.

Where as the Sensex closed at 18762.87, up 7.42 points (0.04 %) and touched a high of 18794.63 and a low of 18683.25 in intraday trade.

Nifty Tips for Tuesday

Pivot Level = 5697

Support Level 1 = 5680

Support Level 2 = 5650

Resistance Level 1 = 5720

Resistance Level 2 = 5750

Simple Moving Averages:

30 Days = 5685.30

50 Days = 5562.93

150 Days = 5292.89

200 Days = 5297.86