Monday, January 24, 2011

Intraday Nifty Levels for Tomorrow

Nifty Future today opened higher traded and saw a smart recovery in earlier session but still managed its range of 5755-5632 and it closed in flat note. It can take up moves in coming trading session if it manages to sustain above 5760 level. But the credit policy due tomorrow can bring some volatility in it. The monetary policy, RBI going to announce tomorrow will decide the sentiments of the market. Resistance for Nifty Future is 5760/5870 and it has support is at 5668/5625 levels.

RESISTANCE: It has first resistance close to the level of 5760 & above this level the next resistance is seen near the 5870 mark.

SUPPORT: It has first support close to the level of 5668 & below this level the next support is seen near 5525 mark.

Trading Recommendations- Buy Nifty above 5757 TGT-5780-5800-5820 SL-5690


Posted By Commodity MCX Tips