CRUCIAL NIFTY LEVELS for DAY AHEAD : FULL REPORT !

FOR INDIAN MARKETS THE OPENING MAY BE IN LINE WITH REST OF THE ASIAN MARKETS WHICH ARE LIKELY TO BE WEAK AROUND THE TIME OF INDIAN OPENING. SPOT NIFTY HAS INITIAL INTRADAY SUPPORT AROUND 5813 FOLLOWED BY 5790 WHICH UNDER NORMAL CIRCUMSTANCES SHOULD BE HELD BY THE BULLS TO AVOID SHARP DECLINES. SIMILARLY ON THE HIGHER SIDE A DECISIVE CROSS OVER AND SUSTAINING ABOVE 5848 CAN CATAPULT SPOT NIFTY TOWARDS 5876 TO HAVE A PEEP AT THE ILLUSIVE 5900 LEVELS ALTHOUGH CROSSING & CLOSING ABOVE OCTOBER MONTH LOW OF 5937 MAY NOT BE POSSIBLE ON THE LAST DAY OF NOVEMBER AND WILL BE LEFT FOR SOME AUSPICIOUS DAY IN DECEMBER.