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Friday, January 28, 2011

Intraday Nifty Futures Levels For 31-Jan

Nifty Future was in continuous down trend last week and breached its support of 5500 and tested 5485 level. It can continue down trend in coming trading session. One should adopt the strategy of sell at higher level. Support for nifty Future is at 5470/5412 and Resistance is at 5622/5682 levels.

RESISTANCE: It has first resistance close to the level of 5622 & above this level the next resistance is seen near the 5682 mark.

SUPPORT: It has first support close to the level of 5470 & below this level the next support is seen near 5412 mark.

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