Wednesday, October 20, 2010

Nifty Recommendations For Thursday 21 October 2010

Nifty Futures-

Nifty future after facing strong resistance near 6080 levels resulted in a strong sell off and closed near the days low. Nifty future may now further move down towards 5980 to 5940 levels if it trades below 5990 levels. Support for nifty future is at 5940/5910 levels and resistance is at 6090/6140 levels.

Bank Nifty-

Bank nifty future after facing strong resistance near 12400 levels resulted in a strong sell off and closed near the days low. Bank nifty future may now further move down towards 12085 levels if it trades below 12180 levels. We recommend selling on higher levels with strict stop loss of 12400

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Posted By Commodity MCX Tips