Wednesday, February 2, 2011

Nifty Technical outlook- 3rd Feb 2011


 Nifty future is moving under a tight range 5542-5411 from last 3 trading session and closed near to its support level. If Nifty future is manages to sustain below 5411 level it can take more down fall in coming trading session. One should adopt the strategy of sell at higher level. Support for Nifty Future is at 5400/5350 and it has Resistance at 5542/5622 levels.

RESISTANCE: It has first resistance close to the level of 5542 & above this level the next resistance is seen near the 5622 mark.
SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5350 mark.




   

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Posted By Commodity MCX Tips