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Monday, January 3, 2011

Nifty Futures Trend 04th January 2011


Nifty Future opened with a gap but not sustaining at higher level today nifty futures closed near to its days low. If nifty future sustain above 6200 level we can see good up rally and it can test 6300 level in near term. On the down side, If it breaks level of 6100 then we can see some correction in it. One should take position after proper break out in either side. Resistance for Nifty future is at 6248/6321 and it has support is at 6130/6068 levels.  
            
RESISTANCE: It has first resistance close to the level of 6248 & above this level the next resistance is seen near the 6321 mark. 

SUPPORT: It has first support close to the level of 6130 & below this level the next support is seen near 6068 mark.  

Today Bank Nifty future closed near to its support level. We can see some down trend in coming session. On up side  If it break 11950 level we may seen up rally till 12050 whereas on the down side  it has major support level of 11735 levels. Resistance for Bank Nifty at 12050/12300 and support is at 11735,11665 levels .
            
RESISTANCE: It has first resistance close to the level of 12050 & above this level the next resistance is seen near the 12300 mark. 

SUPPORT: It has first support close to the level of 11735 & below this level the next support is seen near 11665 marks. 

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