Thursday, December 30, 2010

Nifty Position for 31st December 2010

Nifty future continued up rally in last trading session and closed above psychological level of 6100. We can say it is good sign of recovery. In short term nifty can test 6150/6180 level. One should adopt the strategy of buy on dip. Resistance for Nifty future is at 6150/6240 and support is at 6065/5900.

It has first resistance close to the level of 6150 & above this level the next resistance is seen near the 6240 mark.

SUPPORT: It has first support close to the level of 6065 & below this level the next support is seen near 5900 mark.


Posted By Commodity MCX Tips