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Friday, November 19, 2010

Next Week's Technical View on Nifty Futures with Support & Resistance Levels

Nifty future as expected saw a sharp fall below 5930 levels and closed near the days low near 5890 levels. Nifty future will face resistance at 6060 and 6150 levels. We recommend selling on higher levels till it closes below  6150  levels support for nifty future is at 5860/5800 levels and has resistance at 6060/6150 levels.

Resistance levels: It has first resistance close to the level of 5982 & after it may face the next resistance close to the level of 6074.

Support levels: It has first support close to the level of 5830 & after it may get the next support close to the level of 5770.

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Bank nifty future saw a sharp fall below 12235 levels and closed at 12105 levels. bank nifty future will face resistance at 12250 and 12450 levels. We recommend selling on higher levels till it closes below  12450  levels. Support for bank nifty future is at 12000 /11500 levels and has resistance at 12250/12450 levels.

Resistance levels: It has first resistance close to the level of 12965 & after it may face the next resistance close to the level of 13850.

Support levels: It has first support close to the level of 11613 & after it may get the next support close to the level of 11140.

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