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Wednesday, January 5, 2011

Technical View on Nifty Futures for 06th Jan. 2011


Nifty future had a sharp fall in last trading session and closed on a negative note. It can take some more correction in coming trading session, One should adopt  a strategy of sell at higher level until it sustain above 6200 level, Support for nifty future is at 6068/6041 and Resistance is at 6150/6182 level. 
            
RESISTANCE: It has first resistance close to the level of 6150 & above this level the next resistance is seen near the 6182 mark. 

SUPPORT: It has first support close to the level of 6068 & below this level the next support is seen near 6014 mark.  

Bank nifty had sharp fall in last trading session. It can take some more correction in coming session. One should adopt a strategy of sell at higher level. Support is at 11260/11180 and Resistance is at 11478/11570.

RESISTANCE: It has first resistance close to the level of 11478 & above this level the next resistance is seen near the 11570 mark. 

SUPPORT: It has first support close to the level of 11260 & below this level the next support is seen near 11180 marks. 

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