Nifty Futures For Tomorrow (Thursday 28 October 2010)

Nifty future as expected moved downwards after facing resistance at 6100 levels and is moving under a range of 6180-6000. It is not sustaining at higher levels . Up side resistance for nifty future is 6180/6225 and support 6000/5945 . Nifty future may continue to remain in this range of 6050-6200 until it breaks on either side.

Resistance: it has first resistance close to the level of 6086 & after it may face the next resistance close to the level of 6143.

Support: it has first support close to the level of 5900 & after it may get the next support close to the level of 5949.

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Nifty Prediction- Levels for Thursday (15 September '10)

  Nifty made the breakout above the level of 5850 today and in the end made strong closing above it. Overall today witnessed the high volatile session with positive bias. Now the next technical resistance for Nifty Future seems close to the level of 6000. Closing above this resistance may take up it till the levels of 6075 to 6080 in near run. The immediate support for nifty future seems close to the level of 5820. Closing below this support may slip it till the level of 5750 in near run. For intra day trading we recommend buy on dips strategy in nifty future until it close below 5750 for the targets of 5900,6000 in near run. 

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Nifty Future Tips - Nifty Trading Recommendations for 22 July

 Nifty is trading in the horizontal trading range from last few trading sessions. In the downside it is getting good support close to the level of 5350. Closing below this support may further create some weakness in it. Still technically it is looking strong & one may expects the uptrend to continue in the market. For trading strategy we already recommend that one should buy nifty future at every dips until it close below 5300 for the targets of 5450, 5500.

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