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 6041 level, so our initial strategy for today is to wait for breakout in nifty futures above 6046 level for intraday targets of 6072 and 6093. Nifty is trading flat with limited downside holding 5989 strong support, but strong resistance at 6043 level may keep markets in short range. The trend will be mixed to bullish today following the global peers. Nifty Future trading range will be narrow, as seen in the support resistance levels.
Nifty Futures Level:
Resistance: 6041 / 6093
Support: 6001 / 5989
Nifty futures trading tips (28 December 2010): Buy Nifty Future only above 6046 level for intraday target of 6072 and 6093 levels, also place Stop loss at 6030 level.