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Wednesday, November 24, 2010

Technical View for Nifty 24th nov

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Sell nifty fut 5959.target 5900.stoploss at 5985.

Nifty future slipped below 5900 on the back of tension movement in Korea, closed near to its days high and maintained its range of 6057-5850 . If it manages to sustain above 6000 level ,we may expect its further up move from here . Resistance for nifty future is at 6030/6055 levels and support is at 5860/5811 levels. One should take future position.

Resistance: It has first resistance close to the level of 5995 & after it may face the next resistance close to the level of 6054.

Support: It has first support close to the level of 5847 & after it may get the next support close to the level of 5760.