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Friday, December 3, 2010

Nifty Futures for 06th Dec. Monday

Nifty future moved under range in last two trading session, but closed near to its resistance level of 6060, if nifty future sustain above 6060 level we can see some more up move to 6150 levels. One should take long position above 6060 level. Support for nifty future is at 5960/5900 and resistance is at 6060/6150.

Resistance: It has first resistance close to the level of 6060 & after it may face the next resistance close to the level of 6150.

Support: It has first support close to the level of 5960 & after it may get the next support close to the level of 5900.

Bank nifty future we can see some profit booking in last trading trading session but over all trend is bullish if it manages to sustain above 12650 level we can see more up move from here one should go for long position in bank nifty . support for bank nifty is at 12250/12100 and resistance for bank nifty 12590/12670 levels.

Resistance: It has first resistance close to the level of 12590 & after it may face the next resistance close to the level of 12670.

Support: It has first support close to the level of 12250 & after it may get the next support close to the level of 12100.

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