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Thursday, December 23, 2010

Nifty Futures Levels for 24th Dec. Friday

Nifty future continued its consolidation phase and closed on flat note today. If it sustains below 5946 level we can expect more correction in it. One should adopt the strategy of selling at higher levels in it.

RESISTANCE: It has immediate resistance close to the level of 6042 & above this level the next resistance is seen near the 6094 mark.

SUPPORT: It has immediate support close to the level of 5948 & below this level the next support is seen near 5900 mark.

Bank nifty moved under a tight range in last trading session and closed on a flat note. One should adopt the strategy of sell at higher levels until it breaks its 11700 level decisively.

RESISTANCE LEVELS: It has immediate resistance close to the level of 11700 & above this mark the next resistance is seen close to the level of 11850.

SUPPORT: It has immediate support at 11260 mark & below this level the next support is seen close to the level of 11180.

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