NSE Nifty January Futures Levels for 16th January 2013
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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 16th Jan’13
Pivot Level = 6071 | |
Support1 6046 | Resistance1 6105 |
Support2 6011 | Resistance2 6130 |
Support3 5986 | Resistance3 6164 |