Nifty future as mentioned earlier faced strong resistance near 6245-6250 zone, and resulted in a sell off from this zone. Now on the downside first support is at 6160 and 6095 level and on the upside resistance is at 6250 and 6280 levels. Nifty future has been trading in this band of 6160-6250 for last few trading sessions and is expected to remain in this band for some more time, before it breaks on either side. For intra day we recommend buying at lower levels till it manages to hold 6095 levels.
Wednesday, October 6, 2010
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