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Tuesday, December 14, 2010

Technical View on Nifty Futures (Wed. 15th dec.)

Nifty future ended in positive note after week start but not able to break 6000 level. Nifty future manages to sustain above 6000 level, we can see some recovery from here. One should take long position in it after proper break out. Resistance for nifty future is at 6020/6095 and it has support at 5895/5800.

RESISTANCE: It has first resistance close to the level of 6020& after it may face the next resistance close to the level of 6095.

SUPPORT: It has first support close to the level of 5895 & after it may get the next support close to the level of 5800.


Bank nifty future
move under consolidation phase form last few trading session and manages 11700 resistance level. If it sustain above it we can see more up move from hear. One should go for long position above 11700 level. Resistance for bank nifty future is at 11700/11860 and support is at 11295/11045 levels.
           
RESISTANCE:
It has first resistance close to the level of 11700 & after it may face the next resistance close to the level of 11860.

SUPPORT: IT has first support close to the level of 11295& after it may get the next support close to the level of 11045.

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