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Wednesday, December 8, 2010

Nifty next trading session trend and tips

Nifty future saw sharp down fall in last trading session and closed near to its psychological support of 5890 levels. In nifty future, one should adopt strategy of sell at higher level until it breaks 6100 level. If it manages to sustain below 5860 level we can see some more selling pressure in it. Support for nifty future is at 5863/5780 and resistance is at the level of 5980/6040.

Resistance: It has first resistance close to the level of 6094 & after it may face the next resistance close to the level of  6148.

Support: It has first support close to the level of 5995 & after it may get the next support close to the level of 5875.
     
Bank nifty saw a sharp fall from last three days. If bank nifty future sustain below 11440 level we can see some more correction in it. One should take position after proper break out. Support for bank nifty future is at 11440/11005 and resistance is at 11615/11700.

Resistance: It has first resistance close to the level of 11440& after it may face the next resistance close to the level of 11005.

Support: It has first support close to the level of 11615 & after it may get the next support close to the level of 11700.

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