NSE Nifty & Bank Nifty Support Resistance Levels for March 10, 2015
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 10th Mar’15
|Pivot Level = 8815|
|Support1 8720||Resistance1 8861|
|Support2 8674||Resistance2 8955|
|Support3 8580||Resistance3 9002|
Bank Nifty Future Levels for 10th Mar’15
|Pivot Level = 19367|
|Support1 19081||Resistance1 19513|
|Support2 18935||Resistance2 19799|
|Support3 18649||Resistance3 19945|