NSE Index Futures Trading Levels for December 16, 2014
Trading as per support and resistance levels may be quite useful for daily (Intra-day) trading in NSE Index futures. Resistance is termed as the level where the stock/index future generally gets some opposite force before it can go further up. A support is the level where a stock/index future get buying interest before it can fall further.
Under the normal market conditions or in the absence of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying/selling. In general, it is advisable to buy the stock/index future at support levels and sell at the resistance levels.
In daily/Intraday trading, there are few support and resistance levels known as Support1, Support2, Resistance1, Resistance2, etc
Nifty Future Levels for 16th Dec’14
|Pivot Level = 8265|
|Support1 8242||Resistance1 8295|
|Support2 8212||Resistance2 8317|
|Support3 8189||Resistance3 8347|
Bank Nifty Future Levels for 16th Dec’14
|Pivot Level = 18459|
|Support1 18360||Resistance1 18613|
|Support2 18206||Resistance2 18712|
|Support3 18107||Resistance3 18866|