Nifty Futures Support and Resistance Levels – January 27, 2011

The support prices for this day were 5664, 5625, 5585.95 and 5546.90. After touching 5664, the prices were hovering around the region for sometime – it fell to 5625 and finally to the 5600 levels today.

Since I had no access to the internet, I entered long at 5625. The trade ended with losses as the last traded price was 5604.20.

Frankly I did not expect to see the market gaining newer lows. But then it occurred and I had a losing trade. 😦

Let us see what is in store for me tomorrow.


About Praveen Pious Francis
A part-time blogger who has a wide range of interests including investing in the stock markets across the globe and broadband technologies in India.

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