• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

Nifty Futures: Support Resistance Level For 17 January 2011

By Bhaveek Patel Leave a Comment

Nifty futures saw a negative breakdown of 5700 level, heading towards 5631 level. We now have negative outlook in nifty, we see we can correct towards 5515 level or even 5466 level. The major negative news in markets are growing inflation, surging crude oil prices, this will create pressure in interest rates in near term. So we will look for the selling opportunity near 5678 level for near term target of 5522 and 5466 levels keeping stop loss at 5711 on closing basis. So as long as nifty is trading below 5700 level we see limited upside upto 5700 with downside potential target of 5624 level.

Currently Nifty is trading positive. But still holding below 5700 level, The short term trend will be negative. Nifty Future trading range may widen, as seen in the support resistance levels.

Nifty Futures Level:
Resistance: 5700 / 5744
Support: 5631 / 5604

Nifty futures trading tips (17 January 2011): Sell Nifty Future near 5683 level for intraday target of 5633 and 5607 levels, also place Stop loss at 5708 level.

Share
Tweet
Pin
0 Shares

You Should Read This:

  1. Nifty Futures Support Resistance Level For 28 January 2011 Nifty futures yesterday closed below 5628 level i.e below its strong support level. The selling pressure will continue till we see some short covering rally. As long as nifty futures is trading below 5628 levels...
  2. Nifty Futures Support Resistance Level For 13 January 2011 Nifty futures was trading with consolidation moves for last 2 sessions after 6 days of correction. But nifty finally closing above 5800 mark yesterday is a good sign. So we can conclude that a consolidation...
  3. Nifty Futures Support Resistance Level For 4 January 2011 Nifty future is trading higher today after good rally in last 3 sessions. We are extremely bullish in short term. We will now look for buying opportunity near 6167 levels for intraday target of 6196,...
  4. Nifty Futures Support Resistance Level For 5 January 2011 Nifty future is now ready for up move so our strategy for trading will to buy nifty at every dips. Also we see nifty trading above 6091 level this validate our bullish outlook. We will...
  5. Nifty Futures Support Resistance Level For 12 January 2011 Nifty futures was trading lower for last 6 sessions due to negative news of inflation and fear of interest rate hike in near term by RBI. But yesterday nifty finally taking its support at key...

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.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Petrol Price Hike for the Second time in January
Next Post: L&T Q3 Net Profit Surges 9.34% to Rs.840.6 crore

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2023
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2023
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2023 Should you buy?
  • BSE Penny Stocks List 2023

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2023 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean