Friday, October 1, 2010

Nifty Trend for 2nd October 2010

Nifty Future had formed a good support near 5940 levels and has closed on a very strong note on today session above 6150 levels and looking technically strong for more fresh upmoves. The next technical resistance for nifty future seems close to the level of 6205 and 6245 levels. Decisive closing above this resistance zone may take up nifty future to the levels of 6292-6336 in near future. Strong support for nifty future is at 5940. Decisive closing below this support zone may take it to levels of 5895 to 5900 in near run.

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Posted By Commodity MCX Tips