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Thursday, December 2, 2010

Nifty Futures Trend for Friday 03rd Dec.

Nifty future has strong resistance at 6060 and traded in a narrow  range, and closed near to its resistance level, if nifty future sustain above 6060 level we can see some  more up move to  6150 levels. One should take long position above 6060 level . Resistance for nifty future 6060/6150 and support is at 5925/5875.

Resistance: It has first resistance close to the level of 6060 & after it may face the next resistance close to the level of 6150.
          
Support: It has first support close to the level of 5925 & after it may get the next support close to the level of 5875.

Bank nifty future traded in a narrow range and consolidated but overall trend is bullish, bank nifty future closed near to its days high. If  it manages to sustain above 12670 level it can take some more up move from here. Resistance for bank nifty is at 12670/12850 and support is at the level of  12300/12185.

Resistance: It has first resistance close to the level of 12245 & after it may face the next resistance close to the level of 12670.
           
Support:
It has first support close to the level of 12185 & after it may get the next support close to the level of 12100.

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