Nifty futures has been following the global cues from strong Asian markets. We see a resistance level do exist near 6043 level, so our initial strategy for today is to sell nifty futures near 6040 level for intraday targets of 6015 and 5996. Nifty is trading firmly above 6000 level we are going to see bulls active, but strong resistance at 6043 level must pull the markets back to 6015. The trend will be mixed today following the European markets. Nifty Future trading range will be wide, as seen in the support resistance levels.
Nifty Futures Level:
Resistance: 6043 / 6096
Support: 5993 / 5954
Nifty futures trading tips (21 December 2010): Sell Nifty Future near 6040 level for intraday target of 6015 and 5995 levels, also place Stop loss at 6060 level.