RSS

Tuesday, January 11, 2011

NSE Nifty Trend for Wednesday 12th Jan.


Nifty Future manages its strong support of 5700 level and saw a strong recovery in last hour. It is a good sign of recovery. But one should take position after proper break out. Support for nifty future is 5700/5670 and has resistance is at 5860/5915 levels.
            
RESISTANCE: It has first resistance close to the level of 5860 & above this level the next resistance is seen near the 5915 mark. 

SUPPORT: It has first support close to the level of 5700 & below this level the next support is seen near 5670  mark.  

Bank Nifty had short covering after a sharp fall in last days ,and closed near to its days high .It can take more up move from here .One should take position after proper  break out. Resistance for bank nifty is at 11140/11324 and support is at 10633/10565 level.
            
RESISTANCE: It has first resistance close to the level of 11140& above this level the next resistance is seen near the 11324 mark. 

SUPPORT: It has first support close to the level of 10633 & below this level the next support is seen near 10565  marks.  

0 comments:

Post a Comment

 
Real Time Web Analytics