Nifty continued the upward move today and made a yet another positive session. Today most of the time it traded above 5600 which is technically strong sign. The next resistance for nifty future seems in the zone of 5700 to 5710. Decisive closing above this resistance zone may lead nifty future towards the level of 5850 in near run. In the downside the immediate support for nifty future seems close to the level of 5565. Decisive closing below this level may create further selling pressure in nifty future. For intra day trading we recommend long position in nifty future from the current levels for the target of 5700 with a stop loss around 5585.

Bank Nifty future as we already mention in our previous report that it is looking very strong and may make strong up moves and move towards the level of 11500 in near run. Today it was very strong positive session for bank nifty future and it registered yet another new high. Now the next resistance for bank nifty future seems close to the level of 11500. Decisive closing above this resistance may take the bank nifty future up towards the level of 11730 in near run. For intraday trading we recommend long position in bank nifty future until it close below 11000 for the targets of 11500,11600,11700.