Nifty continued the upward rally today and in the end made a closing in the green zone. Now nifty future is looking very strong for more upside from the current levels. The next resistance for nifty future seems to be in the zone of 5700 to 5710. In the downside the immediate support for nifty future seems to be in the zone of 5540 to 5550. Decisive closing below this support zone may slip it till the lower levels of 5490 to 5500 in near run. For intra day we recommend long position in nifty future for the target of 5700 with the intra day stop loss around 5540.

Bank nifty future witnessed a side ways movement today with negative bias. The next resistance for bank nifty future seems to be in the zone of 11290 to 11300. Decisive closing above this resistance may take up it till the level of 11500 in near run. In the downside 11100 to 11110 may be the intra day support for bank nifty future. Decisive closing below it may create the further selling pressure in bank nifty future & may slip it till the lower levels of 10990 to 11000 in near run.

Sensex may face the next resistance close to the levels of 18850 to 18900. Decisive closing above this resistance zone may take up it in the bull zone for further gains. In the downside it is having the crucial short term support close to the levels of 17800 to 17850. Decisive closing below this support zone may make it slip till the lower level of 17400 in near run. The immediate support for sensex seems to be at the levels of 18350 to 18360. Decisive closing below this support zone may slip it till the lower level of 18120 to 18135 in near run. 

Click Here To Get Free Stock Tis - Stock Tips