15th Nov: Important Levels to watch for Nifty Futures 5580 & 5825

• Nifty Futures closed at 5673 which is 38 points lower than its previous close of 5711.
• After a negative weekly close, Nifty Futures opened and stayed below the initial resistance of 5740 forming intraday low at 5693. The fall extended to 5670 in Muhurat Trading day of 13^th November.
• The important levels for Nifty Futures to watch are 5580 & 5825 where breakdown or breakout will be seen on the charts.
• If the level of 5580 is breached then sharp selloff may be seen with initial target of 5500.
• On the other hand, if breakout of 5825 is materialized then Nifty Futures is likely enter in the zone of 5900 – 5950 immediately.
• We do not recommend trading positions till the clear trend direction is materialized on the chart for breakout or breakdown.
• The next timing cycle day is placed at 22^nd / 23^rd November for signaling the trend direction.
• The intraday resistance levels for Nifty are placed at 5710 & 5740 where as the intraday support levels are placed at 5640 & 5600 respectively.