Nifty Futures Support and Resistance Levels – February 1, 2011


Support – 5351.55, 5312.50, 5273.45 and 5234.40

Resistance – 5585.95, 5625, 5664 and 5703.15

Midpoint price which may serve as resistance / support – 5468.75

The support prices are a bit steep. Kindly look at the floor pivot points for this day – it is also providing prices in this range. Will the market tank to these levels today?

On the other hand, the first resistance point 5585.95 is easily achievable today if the market keeps up the momentum displayed during the last hours of yesterday.

All the best. 🙂

Update (16:05): I did not enter the trade today as the contract did not touch any one of the values listed. However, I am relieved that I did not lose anything to the markets! Every day need not be a trading day. We have to wait for the right set of opportunities. Let us see how the day turns out for us tomorrow.

Until then – good day to you!

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One Response to Nifty Futures Support and Resistance Levels – February 1, 2011

  1. Pingback: Nifty Futures Support and Resistance Levels – February 2, 2011 « Ardours of a Technology Enthusiast – Praveen Pious Francis

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