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Thursday, December 2, 2010

NIFTY SPOT LEVELS for 2nd DEC


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NIFTY SPOT LEVELS

SUPP 1: 5894
SUPP 2: 5827
RES 1: 6000
RES 2: 6038

Nifty futures as expected saw a good recovery and closed near to its resistance level, we can expect some more up move above 6000 psychological level, if it manages to sustain above 6000 level we can see next level of 6070 level in short term . One should be long in nifty future till it stays above 5900 levels . Resistance for nifty future is at level of 6027/ 6060 and support is at 5925 /5865.

Resistance: It has first resistance close to the level of 6027 & after it may face the next resistance close to the level of 6060.

Support: It has first support close to the level of 5925 & after it may get the next support close to the level of 5865.

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