Friday, January 14, 2011

Nifty Trading Levels for Monday (Next Week) 17 January 2011

Nifty future had seen sharp correction below 5700 level after increasing inflation and on concerns that the Reserve Bank may hike interest rate, and closed near its days low. It can take more correction in coming trading session so one should adopt strategy of sell at higher level. Support for nifty future is at 5597/5515 and Resistance is at 5790/5860 levels.

RESISTANCE: It has first resistance close to the level of 5790 & above this level the next resistance is seen near the 5860 mark.

SUPPORT: It has first support close to the level of 5598& below this level the next support is seen near 5515 mark.


Posted By Commodity MCX Tips