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Nifty Futures Support Resistance Level For 1-December 2010

By Bhaveek Patel Leave a Comment

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.

Nifty:
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.

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Category: Nifty Tags: nifty/ Nifty Analysis/ Nifty Levels

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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