Wednesday, December 22, 2010

Nifty Technical view for 22nd december

Nifty future opened gap down but saw a smart recovery in second half session and closed in flat note. If nifty future manages to sustain above 6000 level we can see some more recovery in it . Resistance for nifty future is at 6021/6095 and support is at 5900/5860. One should take position after proper break out in both the side.

RESISTANCE: It has first resistance close to the level of 6021& after it may face the next resistance close to the level of 6095.

SUPPORT: It has first support close to the level of 5900 & after it may get the next support close to the level of 5860.

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