Nifty futures continued the upward rally today as well and registered the presence close to the level of 6100 but could not be able to sustain at upper levels and in the end made some profit booking but still sustaining above 6000.
The next technical resistance for nifty futures seems close to the levels of 6100 to 6105. Decisive closing above this resistance zone may lead nifty future towards the levels of 6175 to 6200 in near run.
In the downside the immediate support for nifty future seems close to the levels of 6010 to 6015. Decisive closing below this support zone may take nifty futures towards the levels of 5950 to 5955 in near term.
For intraday trading we recommend long position in nifty future above 6105 for the target of 6175 with the intra day stop loss around 6080.
What is SGX Nifty and why is it important ?
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