Monday, October 18, 2010

Nifty Future Tips for 19 October 2010

Nifty future opened with a gap down after the first day of the pre-opening session and has taken support near 6005 levels . Nifty future has closed near the days high and may continue to move further upside towards 6150 to 6180 levels. Support for nifty future is at 6080/6020 levels and resistance is at 6180/6220 levels. 

Recommendation- We recommend buying on dips with strict stoploss of 5995 levels.

  Bank nifty future also opened with a gap down after the first day of the pre opening session and has taken support near 12235 levels . Bank nifty future has closed near the days high and may continue to move further upside towards 12520 to 12600 levels. 

Recommendation- We recommend buying on dips with strict stoploss of 12200 levels. 

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Posted By Commodity MCX Tips