Nifty may continue its yesterdays uptrend. We expect profit booking in nifty near 6020 levels today, however we are still bullish and will accumulate nifty on every dips. For Nifty future traders we recommend to Buy Nifty Futures above 6027 level or Sell Nifty futures below 5981 level. The trend will be mixed to positive today. Today’s trading range is shown in the support resistance levels below.
Resistance: 6046 / 6063
Support: 5983 / 5959
Nifty futures trade for today (2 December 2010): Buy Nifty Future above 6027 level for intraday target of 6044 and 6060 levels, also place Stop loss at 6015 level.
Sell Nifty Future below 5981 level for intraday target of 5964 and 5945 levels, also place Stop loss at 5995 level.