Pivot levels for the day,
R3 - 5856
R2 - 5809
R1 - 5743
Pivot - 5696
S1 - 5630
S2 - 5583
S3 - 5517
Overall market is in downtrend and it is worth being bearish.however today or this week market can bounce because it looks like oversold..but volume was above average last week. So today I will wait before taking any trade..first 1 hour will decide today's direction..:thumb:
R3 - 5856
R2 - 5809
R1 - 5743
Pivot - 5696
S1 - 5630
S2 - 5583
S3 - 5517
Overall market is in downtrend and it is worth being bearish.however today or this week market can bounce because it looks like oversold..but volume was above average last week. So today I will wait before taking any trade..first 1 hour will decide today's direction..:thumb: