Today Nifty future has witness support at 5750 level, hence a sharp recovery was seen, but this does not change our outlook as we are still bearish and will look for selling opportunities. So on can sell nifty futures near 5840 level for intraday targets of 5820 and 5805. Nifty Future trading range will be wide, as shown in the support resistance levels.
Resistance: 5865 / 5888
Support: 5750 / 5727
Nifty futures trade today (10 December 2010): Sell Nifty Future near 5840 level for intraday target of 5820 and 5805 levels, also place Stop loss at 5860 level.