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NSE Nifty December Future Levels for 17th December 2012

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  • Trading as per support and resistance levels may be quite useful for intraday trading in commodities.
  • Resistance is termed as the level where the commodity generally gets some opposite force before it can go further up.
  •  A support is the level where a Commodity 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 commodities at support levels and sell at the resistance levels.
  • In Intraday, there are few support and resistance levels known as Support1, Support2, Resistance1, Resistance2, etc
  • Nifty Future Levels for 17th Dec’12
    Pivot Level = 5903
    Support1 5883 Resistance1 5934
    Support2 5852 Resistance2 5953
    Support3 5832 Resistance3 5985