Wednesday, October 13, 2010

Nifty Trend For Thursday October 14, 2010

Nifty future closed on a strong note above 6250 in the last trading session. Now on the upside resistance is at 6300/6350/6450 levels and on the downside support is at 6220/6180/6140 levels. Nifty future in the last trading session has closed above the 6250 levels and looks some more upside is possible in next few trading sessions. We recommend buying on dips with strict stoploss of 6200.

Resistance: it has first resistance close to the level of 6300 & after it may face the next resistance close to the level of 6350

Support: it has first support close to the level of 6050 & after it may get the next support close to the level of 5980


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Posted By Commodity MCX Tips