Nifty Pivot :
----S2-----------S1-------------Pivot-----------R1------------R2----
2511.75-----2565.90------22597.00------2651.15-----2682.25
----S2-----------S1-------------Pivot-----------R1------------R2----
2511.75-----2565.90------22597.00------2651.15-----2682.25
The market is trading near its oversold zone. The bounce-back is expected to continue on Monday and the Nifty would try to pierce the 2,660 levels. The activity in the Nifty options suggests a rangebound movement between the 2,500 and 2,750 levels. Below 2,500, the Nifty may test the 2,200 level on the downside.
