Nifty futures has been following the global cues from strong asian markets. We see a resistance level do exist near 6043 level, so our initial strategy for today is to wait for breakout in nifty futures above 6047 level for intraday targets of 6082 and 6096. Nifty is trading firmly above 6000 level we are going to see bulls active, but strong resistance at 6043 level may keep markets in short range. The trend will be bullish today following the european markets. Nifty Future trading range will be short, as seen in the support resistance levels.
Nifty Futures Level:
Resistance: 6043 / 6096
Support: 6005 / 5984
Nifty futures trading tips (22 December 2010): Buy Nifty Future only above 6047 level for intraday target of 6082 and 6096 levels, also place Stop loss at 6030 level.