Tuesday, January 11, 2011

NSE MARKET Review and Trading recommendation For 12 January

Nifty Future manages its strong support of 5700 level and saw a strong recovery in last hour of todays session and it ended Up flat showing great resilience in last hour of trading . It is a good sign of recovery but one should take position only after proper break out. It closed today at 5,754.10 , 8.75 Point down from the previous level (-0.15%). Support for nifty future is 5700/5670 and has resistance is at 5860/5915 levels.

RESISTANCE: It has first resistance close to the level of 5860 & above this level the next resistance is seen near the 5915 mark. 
SUPPORT: It has first support close to the level of 5700 & below this level the next support is seen near 5670 mark.

Trading Recommendation :

Buy Nifty Above  5800 TG-5850-5900


Posted By Commodity MCX Tips