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Wednesday, December 29, 2010

Nifty Prediction for Tomorrow (30th Dec. Thu.)

Nifty future saw healthy recovery after a long consolidation phase and closed on near to its major  resistance level. If it break 6095 level we can see more up move from here. One should take position after proper break out. Resistance for nifty future is at 6150/6180 and support is at 6000/5966.
           
RESISTANCE: It has first resistance close to the level of 6150 and the next resistance is seen near the 6180 mark. 

SUPPORT: It has first support close to the level of 600 and next support level is seen near 5966 mark.  

Bank nifty future saw smart pull back in last trading session but still manages its long consolidation phase. One should take position after proper break out on either side. Resistance for nifty future is at 11735/11865 and support is at 11400 and 11180levels.

RESISTANCE: It has first resistance close to the level of 11735 and the next resistance is seen close to the level of 11865.

SUPPORT: It has immediate support at 11400 marks and next support is seen close to the level of 11180. 

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