Nifty future opened gap down but saw a smart recovery in second half session. Nifty future closed on flat note. If nifty future manages to sustain above 6000 level we can see some more recovery in it. Resistance for nifty future is at 6021/6095 and support is at 5900/5860. One should take position after proper break out in both the side
RESISTANCE: It has first resistance close to the level of 6021& after it may face the next resistance close to the level of 6095.
SUPPORT: It has first support close to the level of 5900 & after it may get the next support close to the level of 5860.
Bank nifty future could not sustain at higher level and in last trading session its consolidation phase continued. If it manages to sustain below 11180 level, we can see some more down fall in it. One should adopt a strategy of sell at higher levels until it breaks the level of 11700, support for bank nifty is at 11180/11045 and resistance is at 11445/11700 levels.
RESISTANCE: It has first resistance close to the level of 11445 & after it may face the next resistance close to the level of 11700.
SUPPORT: IT has first support close to the level of 11180& after it may get the next support close to the level of 11045.
RESISTANCE: It has first resistance close to the level of 6021& after it may face the next resistance close to the level of 6095.
SUPPORT: It has first support close to the level of 5900 & after it may get the next support close to the level of 5860.
Bank nifty future could not sustain at higher level and in last trading session its consolidation phase continued. If it manages to sustain below 11180 level, we can see some more down fall in it. One should adopt a strategy of sell at higher levels until it breaks the level of 11700, support for bank nifty is at 11180/11045 and resistance is at 11445/11700 levels.
RESISTANCE: It has first resistance close to the level of 11445 & after it may face the next resistance close to the level of 11700.
SUPPORT: IT has first support close to the level of 11180& after it may get the next support close to the level of 11045.
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