Friday, January 28, 2011

Nifty Future Tips : Intraday Trend for Monday 31 January 2011

Worst performing reality stocks butchered Nifty and it faced the day low of 5485 and managed to close above 5500 but red mark. The FII's pulled out some of their money from the market which resulted as further downfall in Indian equity indices.

Nifty Future was in continuous down trend last week and breached its support of 5500 and tested 5485 level. It can continue down trend in coming trading session. One should adopt the strategy of sell at higher level. Support for nifty Future is at 5470/5412 and Resistance is at 5622/5682 levels.

RESISTANCE: It has first resistance close to the level of 5622 & above this level the next resistance is seen near the 5682 mark.  

SUPPORT: It has first support close to the level of 5470 & below this level the next support is seen near 5412 mark.  


Posted By Commodity MCX Tips