Nifty futures has been weakening but we see a support level do exist near 5827 level, so our initial strategy for today is to sell nifty futures near 5966 level for intraday targets of 5817 and 5801. Nifty is trading below 5868 level we are going to see bears active and markets will move to its next support of 5817. The trend will be negative today following the European markets. Nifty Future trading range will be short, as shown in the support resistance levels.
Resistance: 5869 / 5930
Support: 5817 / 5799
Nifty futures trade today (13 December 2010): Sell Nifty Future near 5866 level for intraday target of 5817 and 5801 levels, also place Stop loss at 5895 level.