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Wednesday, September 15, 2010

Analysts View on Nifty Future for Tomorrow

Nifty made the breakout above the level of 5850 today and in the end made strong closing above it. Overall today witnessed the high volatile session with positive bias. now the next technical resistance for nifty future seems close to the level of 6000. Closing above this resistance may take up it till the levels of 6075 to 6080 in near run. the immediate support for nifty future seems close to the level of 5820. Closing below this support may slip it till the level of 5750 in near run. For intra day trading we recommend buy on dips strategy in nifty future until it close below 5750 for the targets of 5900,6000 in near run.

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