Wednesday, December 8, 2010

Nifty Tips: Trading Strategy For Thursday 9th December 2010

Nifty Future saw sharp down fall in last trading session and closed near to its psychological support of 5890 levels. In Nifty Future one should adopt strategy of sell at higher level until it breaks 6100 level . If it manages to sustain below 5860 level we can see some more selling pressure in it . Support for nifty future is at 5863/5780 and resistance is at the level of 5980/6040.

Resistance: It has first resistance close to the level of 6094 & after it may face the next resistance close to the level of 6148.

Support: it has first support close to the level of 5995 & after it may get the next support close to the level of 5875.





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