Nifty futures has been trading almost flat for last 1 week due to lack of liquidity in the markets. We see a resistance level do exist near 6091 level, so our initial strategy for today is to wait for breakout in nifty futures above 6094 level for intraday targets of 6132 and 6153. Nifty is trading flat with limited downside holding 6045 strong support, but strong F&O expiry today may keep markets in short range. The trend will be mixed to bullish with huge volatile moves. Nifty Future trading range can widen, as seen in the support resistance levels.
Nifty Futures Level:
Resistance: 6091 / 6132
Support: 6042 / 5999
Nifty futures trading tips (30 December 2010): Buy Nifty Future only above 6045 level for intraday target of 6074 and 6095 levels, also place Stop loss at 6032 level.