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Wednesday, January 19, 2011

Nifty Futures Tips for 20th Jan. Thursday

Nifty Future was volatile in last trading session and faced difficulty to sustain at higher levels. Nifty Future closed below 5700 level, it may take some correction  below 5630 level in coming trading session, One should adopt the strategy of sell at higher levels. Support is at 5624/5540 while  Resistance is at 5755/5885 levels
 
RESISTANCE: It has first resistance close to the level of 5755 & above this level the next resistance is seen near the 5860 mark.

SUPPORT: It has first support close to the level of 5621 & below this level the next support is seen near 5540 mark. 
     
Bank Nifty was also was not able to sustain at higher level and closed near to its days low. It may take some more selling in coming trading session. One should adopt the strategy of sell at higher level. Support for Bank Nifty is at 10530/10385. Resistance is at 10745/10955 levels. 

RESISTANCE: It has first resistance close to the level of10745 & above this level the next resistance is seen near the 10955 mark.

SUPPORT: It has first support close to the level of10530  & below this level the next support is seen near 10385    marks.

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