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Nifty Future for Monday

Nifty future closed near to its resistance level of 6000, after a volatile session. If nifty future manages to sustain above 6025 level then we can see some more up moves from here. One should take position after proper break out. Resistance for nifty future is at 6025/6093 and support is at 5880/5800 levels.As of now, this is pullback rally from Support 5690-5750 till 6070 with hurdle @ 5970. Until & Unless Nifty Spot Holds 5830 on closing basis, Its Buy on Decline for Upside 6070. Closing Above 6070 will break this range of 5700-6070 & will move towards 6180-6240+. Closing below 5830 will make bearish TGT.

RESISTANCE: It has first resistance close to the level of 6025& after it may face the next resistance close to the level of 6093.
SUPPORT: It has first support close to the level of 5880 & after it may get the next support close to the level of 5800.

Bank Nifty for Monday

Bank nifty manages to sustain above 11700 level we can see up move from here. One should take position after proper break out. Resistance for bank nifty is at 11700/11860 and support is at 11250/11045 levels.

RESISTANCE :It has first resistance close to the level of 11700 & after it may face the next resistance close to the level of 11860.
SUPPORT: It has first support close to the level of 11250 & after it may get the next support close to the level of 11045.

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