Wednesday, December 15, 2010

Nifty Trading Strategy- Thursday 16th Dec 2010

Nifty future was not sustaining at higher level in last trading session .but not able to break its major resistance of 5980 level .one should adopt a strategy of sell at higher level until it break 6000 levels. Support for nifty future is at 5800/5740 and resistance is at 5980/6040 level.

RESISTANCE: It has first resistance close to the level of 5980 & after it may face the next resistance close to the level of 6040.

SUPPORT: It has first support close to the level of 5800 & after it may get the next support close to the level of 5740.

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Posted By Commodity MCX Tips