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Monday, January 10, 2011

Technical view on Nifty Futures for 11th Jan. Tuesday

Nifty future had sharp fall in Monday's trading session and closed near to its support level, 5700 is very crucial support level. If nifty breaks this level we can see some more fall in it. One should take position after proper breaks out. Support for Nifty future is at 5725/5670 and Resistance is at 5860/5915
          
RESISTANCE: It has first resistance close to the level of 58600 & above this level the next resistance is seen near the 5915 mark.

SUPPORT: It has first support close to the level of 5725 & below this level the next support is seen near 5670  mark.
 
Bank nifty future had continuous down fall from last week and closed near to it support level, One should wait for proper break out in it. Support for Bank nifty is at  10565/10300 and resistance is at 10964/11140.
          
RESISTANCE: It has first resistance close to the level of 10964 & above this level the next resistance is seen near the 11140mark.

SUPPORT: It has first support close to the level of 10565 & below this level the next support is seen near 10300 marks.

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