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Friday, January 7, 2011

nifty Futures Technical overview for Next trading Week


Nifty future had sharp fall in last trading session and closed below its psychological level. In coming week we can see smart Pull back in it. One should take position after proper break out. Support for nifty future is at 5863/5750 and Resistance 5980/6030.
            
RESISTANCE: It has first resistance close to the level of 5980& above this level the next resistance is seen near the 6030 mark. 

SUPPORT: It has first support close to the level of 5863 & below this level the next support is seen near 5750  mark.  

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Bank nifty futures had sharp fall in last trading session, If it break 11040 level we can see more correction in it. One Should take position after proper break out in either side. Support for bank nifty is at 11041 /10920 and Resistance is at 11350/11445 levels.
            
RESISTANCE: It has first resistance close to the level of 11350& above this level the next resistance is seen near the 11445 mark. 

SUPPORT: It has first support close to the level of 11041 & below this level the next support is seen near 10920 marks. 

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