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Thursday, December 9, 2010

Nifty Futures with Support and Resistance Levels (Friday, 10th Dec., 2010)

Nifty future saw a sharp fall in last trading session and break its psychological support level, closed near to its support level. One should adopt strategy of sell at higher level until it break 6100 level. If nifty future manages to sustain below 5700 level we can see some more correction in it. Support for nifty future is at 5730/5670 and resistance is at 5865/5900levels.

Resistance level:
it has first resistance close to the level of 5865 & after it may face the next resistance close to the level of  5900.

Support level: it has first support close to the level of 5730 & after it may get the next support close to the level of 5670.


Bank nifty future break its major support level of 11440 and closed near to its psychological level of 11100. If bank nifty future manages to sustain below 11000 level we can see some more correction  in it. One should adopt strategy of selling at higher level. Support for bank nifty is at 11075/10930 and resistance is at 11470/11615 levels.

Resistance levels: it has first resistance close to the level of 11470 & after it may face the next resistance close to the level of 11615.

Support levels: it has first support close to the level of 11075 & after it may get the next support close to the level of 10930.

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