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Nifty Futures Support Resistance Level For 6-December 2010

By Bhaveek Patel Leave a Comment

Last week the markets were uncertain, but today we saw a good breakout of 6054 levels of 18 November. Due to this breakout we have become very bullish on markets. So we will recommend you to see buying opportunity at every dip. If Nifty trades above 6055 level for more than 30 minutes we will be long at around 6060 level for intraday target of 6078 and 6096. The trend will be bullish (positive). Nifty Future trading range is, as shown in the support resistance levels below.

Nifty:
Resistance: 6078 / 6097
Support: 5989 / 5966

Nifty futures trade today ( 6 December 2010): Buy Nifty Future Above 6060 level for intraday target of 6078 and 6096 levels, also place Stop loss at 6048 level.

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  3. Nifty Futures Support Resistance Level For 22 December 2010 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 wait for breakout in nifty...
  4. Nifty Futures Support Resistance Level For 1-December 2010 Nifty will continue the yesterdays upside. We don’t expect nifty to correct from these levels today, however we will find stiff resistance in Nifty future around 5946 level. We recommend to Buy Nifty Futures near...
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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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