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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: