Technical View on Nifty (25th November ‘10)

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Nifty future as expected saw a sharp fall below 5930 levels and closed near the days low near 5890 levels. Nifty future will face resistance at 5990 and 6060 levels. We recommend selling on higher levels till it closes below 6000 levels. Support for nifty future is at 5825/5760 levels and has resistance at 5990/6060 levels.

Resistance: It has first resistance close to the level of 5953 & after it may face the next resistance close to the level of 6046.

Support: It has first support close to the level of 5800 & after it may get the next support close to the level of 5740.

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