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Nifty Futures Support Resistance Level For 21 December 2010

By Bhaveek Patel Leave a Comment

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.

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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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