Tuesday, January 3, 2012

NIFTY VIEW JAN 3

HI
Today, while updating this SGX nifty is trading at 4686.
Today’s trading levels for Nifty Future:
Resistance: 4680-4700-4710-4730-4781
Support: 4633-4592-4538-4526
Now today, above yesterday’s high of 4656, NF will go up to 4680 which is a strong resistance. Open above or below 4680 will show strength of bulls and bears respectively.        
4710-4730 will again be a supply zone. Crossover above these levels with volume is must for bulls for sustainable rally.
On lower side 4656 and 4633 will provide immediate support. 4592 is last hope for bulls.

Regards,
ANALYSENIFTY TEAM

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