Major Support & Resistance of NIFTY Spot - on Jan Expiry Basis:-
Resistance:- 6231.78, 6361.71, 6617.03
Support :- 5846.53, 5591.21, 5461.28
Break - Even Point :- 5976.46
Short Term Player as well as Long Term Player can take long position at this level for upside, but Stop Loss for Short term player will be 5976.46 and for long term player it will be 5846.53.
"We should not forget that NIFTY Spot tried to touch the last four month support (from July 10 to Dec 10) which was 5720 suggested in 08 Dec 2010 post but NIFTY touched 5721.15 on 09 Dec 2010 and recovered very smartly to 6100 till now."
"Please Keep in mind what I have said about NIFTY Cycle on 28 Dec 2010"
No comments:
Post a Comment