Nifty Trend and Levels October 6

Nifty Trend and Levels October 6

Updated for-Oct/06/2016Nifty closed on a negative note at 8743So today on upside first intra resistance is at 8785-90 level.Next resistance is at 8819-24,8857-62,8885-90,8925-30,8952-57,9015-20,9043-48,9090-95,9135-40,9158-63 level.On downside first support is at 8702-97 level.Next support is at 8668-63,8630-25,8603-99,8562-57,8534-29,8487-82,8430-26,8347-42,8325-20,8274-70,8235-30,8190-85,8145-40,8128-24,8075-70,8028-23,7997-93,7953-48,7920-15,7881-76,7843-38,7800-97,7760-56,7736-31,7702-97,7679-75,7635-30,7578-73 level.Market slightly back in bull zone. So today for intraday on upside intra resistance are at 8790 and 8824 level and On downside be alert below 8697 and avoid all intraday longs below 8663 level as selling may intensify below that level. Positional Support for NIFTY 8716 8707 8686 8631 8436 7997 and positional Resistance for NIFTY is 8764 8796.Intraday Resistance of NIFTY are 8785.3: 8819.6: 8884.8: 8904.4Intraday Support of NIFTY are 8702.6: 8668.3: 8604.2: 8585Oscillator Analysis The oscillator is showing SELL signalShort Term Oscillator Analysis- The signal is BUY              

NIFTY INTRADAY LEVEL			NIFTY PROBABLE HIGH	NIFTY PROBABLE LOW
R4	8828	BULL	8899	8602
R3	8794	UP BREAKOUT	8824	8676
R2	8782	UP CAUTION	LEVEL FOR LONG	LEVEL FOR SHORT
R1	8773	SELL	8779	8701
PIVOT	8761		LAST DAY	STRONG BEAR LOW VOLATILITY
S1	8715	BUY	OPEN	8806
S2	8706	DOWN CAUTION	HIGH	8807.0
S3	8694	DOWN BREAK OUT	LOW	8731.0
S4	8660	BEAR	CLOSE	8743.95
NIFTY MONTHLY LEVEL			NIFTY DAILY VOLATILITY	0.87%
R2	6082	LONG	NIFTY WEEKLY VOLATILITY	2.95%
R1	5976	SHORT EXIT	NIFTY WEEKLY HIGH	8807.0
S1	5765	LONG EXIT	NIFTY WEEKLY LOW	8555.0
S2	5659	SHORT	NIFTY DAY MEAN	8681