Nifty will continue the yesterdays upside. We don’t expect nifty to correct from these levels today, however we will find stiff resistance in Nifty future around 5946 level. We recommend to Buy Nifty Futures near 5911 level for intraday target of 5945 and 5961. The intermediate trend will be positive today. Today’s trading range is shown in the support resistance levels below.
Resistance: 5946 / 5963
Support: 5884 / 5866
Nifty futures trade for today (1 December 2010): Buy Nifty Future near 5911 level for intraday target of 5945 and 5961 levels, also place Stop loss at 5875 level.