Nifty Tips For 3rd January 2011

****Wish You A very Happy New Year 2011**** 

Nifty future saw healthy recovery and closed near to its resistance levels. As we previously mentioned that if it sustains above 6100 level it can take more up move. We can see some more up moves till 6250 level, one should adopt the strategy of buy on dips. Resistance for Nifty future is at 6215/6320 and support is at 6100/6062 levels.

RESISTANCE: It has first resistance close to the level of 6215 & above this level the next resistance is seen near the 6320 mark.

SUPPORT: It has first support close to the level of 6100 & below this level the next support is seen near 6062 mark.

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Bank Nifty Tips For Monday-3rd January 2011

****Wish You A very Happy New Year 2011****

Bank nifty broke its long consolidation phase, it is good sign of recovery. And closed near to its day's high of 11875. If it sustain above 11875 level we can see some more up move till 12050 levels. One should adopt the strategy of buy on dip. Resistance for bank nifty is at 11927/12050 and support is at 11680/11575.

RESISTANCE: It has first resistance close to the level of 11927 & above this level the next resistance is seen near the 12050 mark.

SUPPORT: It has first support close to the level of 11680 & below this level the next support is seen near 11575 mark.

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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.

RESISTANCE:

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.

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Bank Nifty Future For Friday 31st Dec 2010

Bank nifty futures was positively biased in today's trading session of expiry. It continued to move in the tight range of 11700-11300. One should take position after proper break out on either side. Resistance for bank nifty future is at 11735/11854 and support is at 1140/11180 levels.

  

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Nifty Outlook for 30 Dec 2010

Nifty future saw healthy recovery after a long consolidation phase and closed near to its major resistance level, If it break 6095 level we can see more up move from here. One should take position after proper break out. Resistance for nifty future is at 6150/6180 and support is at 6000/5966.

RESISTANCE: It has first resistance close to the level of 6150 & above this level the next resistance is seen near the 6180 mark.

SUPPORT: It has first support close to the level of 600 & below this level the next support is seen near 5966 mark.

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Bank Nifty Futures For Tomorrow

Bank nifty future saw smart pull back in last trading session but still manages its long consolidation phase. One should take position after proper break out on either side 11735. Resistance for nifty future is at 11735/11865 and support is at 11400 and 11180 levels.
   

RESISTANCE : It has first resistance close to the level of 11735 & above this mark the next resistance is seen close to the level of 11865.

SUPPORT: It has immediate support at 11400 marks & below this level the next support is seen close to the level of 11180. 

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Nifty Tips For Dec 29, 2010

Nifty future moved under a tight range in last trading session and ended with flat and negative bias. Nifty future could not manages to sustain at higher level. If Nifty future break 5950 levels it may seen more correction in it. Support for nifty future is at 5948/5900 and resistance is at 6062/6148 levels. One should adopted a strategy of sell at higher level.

RESISTANCE: It has first resistance close to the level of 6062 & above this level the next resistance is seen near the 6148 mark.

SUPPORT: It has first support close to the level of 5948 & below this level the next support is seen near 5900 mark.

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Bank kNifty Futures For Wednesday

Bank nifty future moved in tight range from few trading session. If bank nifty future breaks 11400 levels we can see some correction in it till 11200 levels. One could adopt strategy of selling at higher level. Support for bank nifty is at 11400/11250 and resistance is at 11570/11735.

  RESISTANCE- It has first resistance close to the level of 11570 & above this mark the next resistance is seen close to the level of 11735

  SUPPORT- It has immediate support at 11400 marks & below this level the next support is seen close to the level of 11250.

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Nifty Trading Tips For Tuesday 28 Dec 2010

Nifty future could not sustain at higher level and closed near its today's low. It may see some more selling pressure in coming trading session. 5947 is major support level , if it breaks this level we can see some more correction in it. One should adopt the strategy to sell at higher levels.

RESISTANCE: It has first resistance close to the level of 5950 & above this level the next resistance is seen near the 5900 mark.
SUPPORT: It has first support close to the level of 6094 & below this level the next support is seen near 6148 mark.
 

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Bank Nifty Trading Strategy for 28 Dec 2010

Bank nifty saw small correction in last trading session and closed near to its support level. We can see come more correction in it . One can adopt the strategy to go short at higher level until it breaks its 11700 level decisively.

RESISTANCE: It has first resistance close to the level of 11620 & above this mark the next resistance is seen close to the level of 11735.
SUPPORT: It has immediate support at 11345 marks & below this level the next support is seen close to the level of 11180

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Nifty Future Trend For Monday 27th Dec 2010

Nifty future saw healthy recovery after a long consolidation phase and closed  near to its major resistance level, but still moving under 10 days and 50 days moving average. If Nifty future manages to sustain above 6050 levels, It may take more up move from there till 6100-6150. One should take long position in it after proper break out.

RESISTANCE: It has first resistance close to the level of 6094 & above this level the next resistance is seen near the 6135 mark.

SUPPORT: It has first support close to the level of 5977 & below this level the next support is seen near 5900 mark.

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Bank Nifty Position For Monday

Bank nifty future saw smart pull back in last trading session but still manages its long consolidation phase. one should take position after proper break out on either side. 11735 is major resistance level if it manages to sustain above this level it can take more up move from there.

RESISTANCE- It has first resistance close to the level of 11735 & above this mark the next resistance is seen close to the level of 11850.

SUPPORT: It has immediate support at 11345 marks & below this level the next support is seen close to the level of 11180.

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Accumulate Tata Steel and Ispat Industries

Buy Tata Steel For TGT-672-678 SL-658

Buy Ispat Ind TG-30 (Hold for a month)

Bajaj Auto Hold for Tgt of 1550 (Short term Pick)

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Stock Trading Strategy For Today

Polaris Software Lab Ltd :- The stock is trading below the 200 day moving average. Hold with a stop loss of 150 for a target of 220 in 3 months. Current Market Price (CMP) of the share is Rs 179.45 ( HOLD )


ICICI Bank Ltd :- The stock is likely to consolidate for some more time. The stock has support at 1120 so hold with a stop loss of 1100. Current Market Price (CMP) of the share is Rs 1130.45 ( HOLD )

BF Utilities Ltd :- The stock is weak on the charts. Can switch to Indiabulls Real Estate. Sell on rally. Current Market Price (CMP) of the share is Rs 1130.45 ( SELL )

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Nifty Trading Recommendation For Friday 24th December

Nifty future continued its consolidation phase and closed on flat note. If nifty future sustain below 5946 level we can expect more correction in it. One should adopt the strategy of sell at higher levels.

RESISTANCE: It has immediate resistance close to the level of 6042 & above this level the next resistance is seen near the 6094 mark.

SUPPORT: It has immediate support close to the level of 5948 & below this level the next support is seen near 5900 mark.

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Bank Nifty Trend For Tomorrow

Bank nifty moved under a tight range in last trading session and closed on flat note. One should adopt the strategy of sell at higher levels until it breaks its 11700 level decisively.

RESISTANCE- It has immediate resistance close to the level of 11700 & above this mark the next resistance is seen close to the level of 11850.

SUPPORT- It has immediate support at 11260 mark & below this level the next support is seen close to the level of 11180.

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Nifty Tips: Trading Strategy For Thursday 23 Dec 2010

Nifty future saw sharp down fall in last trading session. It could not sustain at higher levels . One should adopt the strategy of sell at higher levels. From few trading session Nifty is moving under range of 10 days and 50 days Moving Average , if it manages to sustain above 6095 levels than we might see further up move from there.

RESISTANCE: It has first resistance close to the level of 6040 & above this level the next resistance is seen near the 6093 mark.

SUPPORT: It has first support close to the level of 5945 & below this level the next support is seen near 5900 mark.

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Bank Nifty Trend for 23 Dec 2010

Bank nifty Future is not sustaining at higher level . In last trading session we saw a sharp fall in it. One can adopt the strategy to go short at higher level until it breaks its 11700 level decisively. 

RESISTANCE- It has first resistance close to the level of 11700 & above this mark the next resistance is seen close to the level of 11850.

SUPPORT: It has immediate support at 11260 mark & below this level the next support is seen close to the level of 11180

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Stocks To Buy Now

Power Grid Corporation of India Ltd :- The company has a monopoly in the transmission business and the fact that many power projects are likely to go upstream in 2012-13 will benefit the company. It is a slow moving but defensive counter. Current Market Price (CMP) of the share is
Rs 97.15 Buy Above 98 TG-99-100 (Intraday) SL-95

Shree Renuka Sugars Ltd :- Sugar is a cyclical stock. Inflation is a big concern so sugar prices are not likely to rise in the short term. Current Market Price (CMP) of the share is Rs 95.25
Sell below 94.90 TG-93-92 (Intraday) SL-96.60

Dena Bank – Banking sectors are likely to boom up in coming year. Dena bank with good potential of holding can be taken to mint money. Hold Dena Bank for the target of 130 (Short Term)

Hero Honda Motors Ltd :- The royalty issue remains a concern going forward. Current Market Price (CMP) of the share is Rs 1,972.50. The Stock Is good for hold purpose..
Hold For The target of 2200.

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Nifty Technical Outlook for Tomorrow Wednesday 22nd Dec 2010

Nifty future opened with gap and moved in a range , but closed above its psychological resistance level of 6000. If it manages to sustain above 6025 level, we can see some more up move from here .One should go for long position after proper break out. Resistance for bank nifty future is at 6040/6093 and Resistance is at 5945/5900 levels.

RESISTANCE: It has first resistance close to the level of 6040& after it may face the next resistance close to the level of 6093.
SUPPORT: It has first support close to the level of 5945 & after it may get the next support close to the level of 5900.

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Bank Nifty Trading Strategy- 22 Dec 2010

Bank nifty future saw smart pull back in last trading session . If it manages to sustain above 11700 level we can see more up move from here. One should take long position only above 11700 level . Resistance for bank nifty is at 11700/11850 and support is at 11491/11260 .

RESISTANCE-It has first resistance close to the level of 11700 & after it may face the next resistance close to the level of 11850.
SUPPORT: IT has first support close to the level of 11491 & after it may get the next support close to the level of 11260. 

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Nifty Technical overview for 21 December 2010

Nifty future opened gap down but saw a smart recovery in second half session  and closed in flat note. If nifty future manages to sustain above 6000 level we can see some more recovery in it . Resistance for nifty future is at 6021/6095 and support is at 5900/5860. One should take position after proper break out in both the side.

RESISTANCE:  It has first resistance close to the level of 6021& after it may face the next resistance close to the level of 6095.

SUPPORT: It has first support close to the level of 5900 & after it may get the next support close to the level of 5860.

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Bank Nifty Technical Overview for Tuesday 21st Dec 2010

Bank nifty future is not sustaining at higher level .in last trading session its consolidation phase was continue. If it manages to sustain below 11180 level ,we can see some more down fall in it . One should adopted a strategy of sell at higher level until it break the level of 11700 ,support for bank nifty is at 11180/11045 and resistance is at 11445/11700 levels.

RESISTANCE- It has first resistance close to the level of 11445 & after it may face the next resistance close to the level of 11700.

SUPPORT-IT has first support close to the level of 11180& after it may get the next support close to the level of 11045.

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Nifty Futures For 20th December 2010

Nifty future closed near to its resistance level of 6000 , after volatile session . Nifty future manages to sustain above 6025 level we can see some more up move from here . One should take position after proper break out . Resistance for nifty future is at 6025/6093 and support is at 5880/5800 levels.

RESISTANCE: It has first resistance close to the level of 6025& after it may face the next resistance close to the level of 6093.

SUPPORT: It has first support close to the level of 5880 & after it may get the next support close to the level of 5800.

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Bank Nifty Future Tips For Monday

Bank nifty saw some recovery after RBI policy and closed near to its days high .Bank nifty manages to sustain above 11700 level we can see up move from here .one should take position after proper break out. Resistance for bank nifty is at 11700/11860 and support is at 11250/11045 level.

RESISTANCE : It has first resistance close to the level of 11700 & after it may face the next resistance close to the level of 11860
 

SUPPORT: IT has first support close to the level of 11250& after it may get the next support close to the level of 11045

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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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Bank Nifty Futures Tips

Bank nifty saw sharp fall in last trading session .if it sustain below 11040 level we can see some more correction in it .resistance for nifty future is at 11380/11475 and support is at 11040/10920 level. One should take position after proper break out.

RESISTANCE - It has first resistance close to the level of 11380 &; after it may face the next resistance close to the level of 11475.

SUPPORT: It has first support close to the level of 11040 & after it may get the next support close to the level of 10920.

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Moil sparkled Making Great Debut

MOIL (Manganese Ore India), the largest producer of manganese ore by volume in India, which listed at 50.66% premium today, erased earlier gains to settle higher by 23.79%, weighed down by the negative sentiments in the market.

It closed at Rs 464.20, a premium of Rs 89.20 or 23.79% as against the issue price of Rs 375. It touched high of Rs 590 and low of Rs 456.65 after opening at Rs 565, a premium of Rs 190 or 50.66%. A total of 65,132,460 shares changed hands on the NSE.

At the close, the benchmark 30-share index, the BSE Sensex declined 151.42 points or 0.76% at 19,647.77 with 22 components registering drop.

MOIL enjoys a near monopoly with a dominant 50% share in the domestic manganese production and is also one of the lowest cost producers of manganese ore in the world. MOIL was conferred with `Mini Ratna` status by Government of India in FY08. A debt-free company, it has a healthy balance sheet with strong cash flows.

It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three open cast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).

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Stock tips For MOIL Ltd

Buy MOIL Ltd. @ CMP TGT- 500

 For More Stock Tips and Intraday Alerts Visit Stock tips Page 

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Nifty Future Tips- Lveles for 15th December 2010

Nifty future ended in positive note after week start but not able to break 6000 level. Nifty future manages to sustain above 6000 level, we can see some recovery from here . One should take long position in it after proper break out . Resistance for nifty future is at 6020/6095 and it has support at 5895/5800.

RESISTANCE: It has first resistance close to the level of 6020 and after it may face the next resistance close to the level of 6095.

SUPPORT: It has first support close to the level of 5895 & after it may get the next support close to the level of 5800.

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Bank Nifty Futures For Wednesday

Bank nifty future move under consolidation phase form last few trading session and manages 11700 resistance level. if it sustain above it we can see more up move from here . One should go for long position above 11700 level . Resistance for bank nifty future is at 11700/11860 and support is at 11295/11045 levels.

RESISTANCE: It has first resistance close to the level of 11700 & after it may face the next resistance close to the level of 11860.

SUPPORT: It has first support close to the level of 11295& after it may get the next support close to the level of 11045.

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Nifty Trading Strategy For Tuesday 14th December 2010

Nifty future was trading above 5900 with positive bias .We can see smart pull bank after taking support of 5800 level. Nifty future closed near to its resistance level .if nifty future manages to sustain above 5980 level we can see some more up move from here . Resistance for nifty future is at 5980/6050 and support is at 5890/5800 levels.

RESISTANCE: It has first resistance close to the level of 5980 & after it may face the next resistance close to the level of 6050.

SUPPORT: It has first support close to the level of 5890 & after it may get the next support close to the level of 5800.

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Bank Nifty Futures For Tomorrow

Bank nifty future move under rang of 11700-11250 from last few trading session. If it manages to sustain above 11700 levels We can see more up move from here .One should take long position above 11700 level .Resistance for bank nifty future is at 11700/11860 and support is at 11400/11275

RESISTANCE LEVELS. It has first resistance close to the level of 11700 & after it may face the next resistance close to the level of 11860.

SUPPORT LEVELS : It has first support close to the level of 11400 & after it may get the next support close to the level of 11275.

Keep Visiting NIFTY TIPS BLOG 

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Nifty Tips: Trading Tips For Monday 13 December 2010

Nifty Future today could able to see a short pull back after taking support of 5748 level , if manages to sustain above 5960 level we can see some more up move from here and in down side if it manages to sustain below 5750 level we can see some correction in it . One should take position after proper break out in both the side. Resistance for nifty future is at 5980/6038 and support is at the level of 5750/5670.

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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Bank Nifty Futures For Next Week

Bank Nifty future saw short covering in last trading session after taking support of 11040 levels. If bank nifty future manages to sustain above 11700 level we can see some more up move from here . One should go for buying above 11700 level . Resistance for bank nifty is at 11700/11860 and support is at 11275/11045 levels.
  

Rsistance levels- It has first resistance close to the level of 11700& after it may face the next resistance close to the level of 11860.

Support- It has first support close to the level of 11615 & after it may get the next support close to the level of 11700.

 

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Nifty Tips: Trading Strategy For Friday 10th December 2010

Nifty Future saw a sharp fall in last trading session and break its psychological support level , closed near to its support level . One should adopt strategy of sell at higher level until it break 6100 level . If Nifty future manages to sustain below 5700 level we can see some more correction in it . Support for nifty future is at 5730/5670 and resistance is at 5865/5900levels .

Resistance Levels- It has first resistance close to the level of 5865 & after it may face the next resistance close to the level of 5900.

Support Levels- it has first support close to the level of 5730 & after it may get the next support close to the level of 5670.

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Bank Nifty Futures- Trading Tips (10th December)

Bank Nifty Future broke its major support level of 11440 and closed near to its psychological level of 11100 . If bank nifty future manages to sustain below 11000 level we can see some more correction in it . One should adopt strategy of selling at higher level . Support for bank nifty is at 11075/10930 and resistance is at 11470/11615 levels .

Resistance levels- It has first resistance close to the level of 11470 & after it may face the next resistance close to the level of 11615.

Support Levels : It has first support close to the level of 11075 & after it may get the next support close to the level of 10930.

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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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Bank Nifty Futures For Tomorrow

Bank Nifty has seen a sharp fall from last three days. If bank nifty future sustains below 11440 level we can see some more correction in it . One should take position after proper break out. Support for bank nifty future is at 11440/11005 and resistance is at 11615/11700.

Resistance- It has first resistance close to the level of 11440& after it may face the next resistance close to the level of 11005.

Support: It has first support close to the level of 11615 & after it may get the next support close.

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Sun Pharma, Suzlon and Tata Steel- Technical Levels

SUN PHARMA

TECHNICAL OVERVIEW:
Sun Pharma has bullish trend. The stock is now trading in the sideways trend with the positive bias. So above the level of 470 it may continue to trade in uptrend in the coming time.
RESISTANCE -470
SUPPORT -450

SUZLON

TECHNICAL OVERVIEW:

Suzlon after made high of 54.5 is trading with the weak sentiments. The stock is looking weak and below the level of 50 it made show some more correction in the coming time.
RESISTANCE -53
SUPPORT - 50

 TATA STEEL

TECHNICAL OVERVIEW:

Tata steel has bounced back from the support level of 575. The stock is looking bullish and has support level of 615 in the short run so above which if the stock price sustains then it may continue the uptrend in the coming time.
RESISTANCE: - 650
SUPPORT: - 615

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NIFT FUTURES TIPS FOR WEDNESDAY 8 December 2010

Nifty Future closed in flat note after range bound session . One should adopt strategy of sell at higher level until it break 6100 level . If nifty future break 5955 level we can see some more selling pressure in it . Support for nifty future is at 5955/5875 and resistance is at 6094/6148 levels.

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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Bank Nifty Trading strategy For 8th December 2010

Bank Nifty saw a sharp fall last two trading session . If it break 11440 level we can see some more correction in it, support for bank nifty future is at 11668/11440 and resistance is at 11955/12100.one should take position after proper break out in both the side.

Resistance- It has first resistance close to the level of 11995 & after it may face the next resistance close to the level of 12100.

Support: It has first support close to the level of 11668 & after it may get the next support close to the level of 11440.

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Nifty Trading Strategy For Monday 6th December 2010

Nifty Future moved under range in last two trading session , but closed near to its resistance level of 6060, If Nifty future sustain above 6060 level we can see some more up move to 6150 levels . One should take long position above 6060 level. Support for nifty future is at 5960/5900 and resistance is at 6060/6150.

Resistance: It has first resistance close to the level of 6060 and after it may face the next resistance close to the level of 6150.

Support: it has first support close to the level of 5960 and after it may get the next support close to the level of 5900

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Ban Nifty Futures- Trend For Monday 6 December 2010

In Bank Nifty Future  We can see some profit booking in last trading trading session but over all trend is bullish and if it manages to sustain above 12650 level furtehr  up moves can be seen from here. One should go for long position in bank nifty. Support for bank nifty is at 12250/12100 and resistance for bank nifty 12590/12670 levels.

Resistance- It has first resistance close to the level of 12590 & after it may face the next resistance close to the level of 12670.
 

Support- It has first support close to the level of 12250 & after it may get the next support close to the level of 12100.

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Nifty Technical View For Friday 3 December 2010

Nifty future has strong resistance at 6060 and traded in a narrow range, and closed near to its resistance level,  if nifty future sustain above 6060 level we can see some more up move to 6150 levels . One should take long position above 6060 level . resistance for nifty future 6060/6150 and support is at 5925/5875.

Resistance: It has first resistance close to the level of 6060 & after it may face the next resistance close to the level of 6150.

Support: it has first support close to the level of 5925 & after it may get the next support close to the level of 5875.

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Bank Nifty Trading Strategy For Friday

Bank nifty future traded in a narrow range and consolidated but overall trend is bullish , bank nifty future closed near to its days high. If it manages to sustain above 12670 level it can take some more up move from here. Resistance for bank nifty is at 12670/12850 and support is at the level of 12300/12185.
  

Resistance- It has first resistance close to the level of 12245 & after it may face the next resistance close to the level of 12670.

Support- It has first support close to the level of 12185 & after it may get the next support close to the level of 12100 

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Nifty Trading Strategy For Tomorrow 2 December 2010

Nifty Future as expected saw a good recovery and closed near to its resistance level , we can expected some more up move above 6000 psychological level. If it manages to sustain above 6000 level we can see next level of 6070 level in short term . One should be long in nifty future till it stays above 5900 levels . Resistance for nifty future is at level of 6027/ 6060 and support is at 5925 /5865.

Resistance: It has first resistance close to the level of 6027 & after it may face the next resistance close to the level of 6060.
  

Support: It has first support close to the level of 5925 & after it may get the next support close to the level of 5865.

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Bank Nifty Trading Strategy For Thursday 2 Dec 2010

Bank Nifty Future saw a recovery from last two trading days and it may continue in next trading day, if it sustains above 12450 level we can see some more up move from here to 12670 levels. Resistance for bank nifty future is at 12445/12670 and support is at 12185/12100 levels.

 Resistance- It has first resistance close to the level of 12245 & after it may face the next resistance close to the level of 12670.
  support: It has first support close to the level of 12185 & after it may get the next support close to the level of 12100.

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