Saturday, December 11, 2010

NIFTY VIEW FOR NEXT WEEK MONDAY 13th DEC.

Nifty future

, today faced a short pull back after taking support of 5748 level. If it manages to sustain above 5960 level we can see some more up moves from here and in down side if it manages to sustain below 5750 level we can see more correction in it. One should take position after proper break outs in both the side resistance for nifty future is at 5980/6038 and support is at the level of 5750/5670.
Resistance: it has first resistance close to the level of 6094 & then it may face the next resistance close to the level of 6148.
Support: It has first support close to the level of 5995 & then it may get the next support close to the level of 5875.


Bank nifty

 future saw short covering in last trading session after taking support of 11040 levels. If bank nifty future manages to sustain above 11700 level we can see some more up move from here. One should go for buying above 11700 level. Resistance for bank nifty is at 11700/11860 and support is at 11275/11045 levels.
Resistance levels: It has first resistance close to the level of 11700& after it may face the next resistance close to the level of 11860.
Support: It has first support close to the level of 11615 & after it may get the next support close to the level of 11700.

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