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Tuesday, November 23, 2010

Nifty Futures Technical View for Tomorrow 24th Nov.

Nifty future slips  below 5900 on the back of tension movement in korea, closed near to its days high  and maintain its range of 6057-5850 . If it manages to sustain above 6000 level ,we may expect its further up move from here. Resistance for nifty future is at   6030/6055 level and support is at 5860/5811 level one should take  future position
            
Resistance: It has first resistance close to the level of 5995 & after it may face the next resistance close to the level of 6054.

Support: It has first support close to the level of 5847 & after it may get the next support close to the level of 5760.


Bank nifty future saw a sharp recovery from its support level after heavy selling pressure. It closed at its resistance level  bank nifty future maintain 12460 level we can see further up move from here, resistance for bank nifty future is 12450/12660 and support is at 12018/11900.

Resistance levels:
It has first resistance close to the level of 12254 & after it may face the next resistance close to the level of 12503.

Support: It has first support close to the level of 11825 & after it may get the next support close to the level of 11645.

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