Nifty Spot: A higher opening attracted profit booking by traders. The 2825-2856 points’ area is a crucial supply zone which the Bulls need to absorb for fresh upswing. Pivot in the Nifty is pegged at 2672 points with 2715 and 2770 as the next resistance levels. Support in declines is at 2618 which if broken can test 2580-2560 and 2520 in a pessimistic scenario. Markets are expected to remain swinging as we inch closer to November F&O expiry, trade with a stop loss.
Nifty spot Resistance: 2672, 2715, 2778, 2825, 2856, 2880-2915
Support: 2618, 2585, 2556, 2520.
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