Nov 30, 2010 10:48 PM
4338 Views
Nifty future showed a sharp recovery after GDP data and has closed near to its major resistance level of 5900. Nifty future may take up move above 5900 level. One should take long position in it above 5900 level . Resistance for nifty future 5910 /5990 and support is at the level 5835/5750.
Resistance: It has first resistance close to the level of 5910 & after it may face the next resistance close to the level of 5990.
Support: It has first support close to the level of 5885 & after it may get the next support close to the level of 5750.
Bank nifty future bounced back after taking support of 12766 level. We can see some more up move from 12100 level if it manages above 12100 level, till 12350 level. Resistance for bank nifty future is at 12100/12325 and support is at the level of 11927/11750.
Resistance levels: It has first resistance close to the level of 12100 & after it may face the next resistance close to the level of 1235.
Support levels:It has first support close to the level of 11925 & after it may get the next support close to the level of 11750.
