Nifty Futures Support and Resistance Levels – January 31, 2011


Support – 5507.80, 5468.75, 5429.70 and 5390.60.

Resistance – 5742.20, 5781.25, 5820.30 and 5859.40.

5625 is one level which we must look out for on this day – the prices will be either above or below this point. If it is above this point, watch out for the resistance values and vice versa.

All the best ..

Update (16:06): The opening price was below the first support price 5507.80. Hence, I entered long at 5468.75. Stop loss was 5429.70 (the subsequent support level). Despite high volatility the closing price was in between 5520 and 5530.

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2 Responses to Nifty Futures Support and Resistance Levels – January 31, 2011

  1. soumya says:

    sounds interesting.. good luck

    • Thanks.

      However, the markets are dwindling. The other asian markets are down and most probably that is affecting here too .. 🙂

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