Nifty futures has been trading lower for last 3 sessions due to low liquidity in the markets. We see a resistance level do exist near 6098 level, so our initial strategy for today is to wait for breakout in nifty futures above 6050 level for intraday targets of 6075 and 6099. Nifty is trading flat with limited downside holding 6000 strong support, most of the world indices are trading firm after a ... [Continue Reading]
Nifty Futures Support Resistance Level For 5 January 2011
Nifty future is now ready for up move so our strategy for trading will to buy nifty at every dips. Also we see nifty trading above 6091 level this validate our bullish outlook. We will recommend you to buy nifty futures above 6091 for short term target of 6200 and 6222. A stop loss can be placed near 6077 level. So we are in a market that has limited downside from here and potential upside is ... [Continue Reading]
Nifty Futures Support Resistance Level For 4 January 2011
Nifty future is trading higher today after good rally in last 3 sessions. We are extremely bullish in short term. We will now look for buying opportunity near 6167 levels for intraday target of 6196, at higher levels we are going to find resistance at 6200 level, which is strong resistance now. Once we break this resistance we will witness more buying upto its next resistance of 6222 level. So for ... [Continue Reading]
Nifty Futures Support Resistance Level For 30 December 2010
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 ... [Continue Reading]
Nifty Futures Support Resistance Level For 29 December 2010
Nifty future is trading higher today after long period of consolidation. We have now changed our view from consolidation to bullish in short term. We will now look for buying opportunity near 6050 levels for short term target of 6095, at higher levels we are going to find resistance at 6070 level, which is strong resistance now. Once we break this resistance we will witness more buying upto its ... [Continue Reading]
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