Nifty Futures Technical View and Levels for 29th Dec. Wed.

Nifty future moved under a tight range in last trading session and ended with flat and negative bias. Nifty future could not manages to sustain at higher level .if Nifty future break 5950 levels it may seen more correction in it .Support for nifty future is at 5948/5900 and resistance is at 6062/6148 levels. One should adopted a strategy of sell at higher level .

RESISTANCE: It has first resistance close to the level of 6062 & above this level the next resistance is seen near the 6148 mark. 

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

Also see: Technical View on Telecom Sector Stocks and other Intraday Tips for 29th Dec. Wed.

Bank nifty future moved in tight range from few trading session. If bank nifty future breaks 11400 levels we can see some correction in it till 11200 levels. One could adopt strategy of selling at higher level. Support for bank nifty is at 11400/11250 and resistance is at 11570/11735.

       

RESISTANCE: It has first resistance close to the level of 11570 & above this mark the next resistance is seen close to the level of 11735

SUPPORT: It has immediate support at 11400 marks & below this level the next support is seen close to the level of 11250.