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Wednesday, November 24, 2010

Nifty Futures Levels for 25th Nov., Thursday

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 5990 and 6060 levels. We recommend selling on higher levels till it closes below  6000  levels support for nifty future is at 5825/5760 levels and has resistance at 5990/6060 levels.

Resistance Levels: Nifty futures has first resistance close to the level of 5953 and after it may face the next resistance close to the level of 6046.                 

Support Levels:
Nifty futures has first support close to the level of 5800 and after it may get the next support close to the level of 5740.
           


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Bank nifty future as expected saw a sharp fall below 12000 levels and closed near the days low near 11886 levels. Bank nifty future will face resistance at 12000 and 12250 levels. We recommend selling on higher levels till it closes below  12250  levels.  Support for bank nifty future is at 11750/11500 levels and has resistance at 12000/12250 levels.
                 
Resistance Levels: Bank nifty futures has first resistance close to the level of 12215 and after it may face the next resistance close to the level of 12560.
                 
Support Levels: Bank nifty futures has first support close to the level of 11637 and after it may get the next support close to the level of 11404.

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