Nifty future ended in positive note after week start but not able to break 6000 level..Nifty future manages to sustain above 6000 level, we can see some recovery from here .One should take long position in it after proper break out .Resistance for nifty future is at 6020/6095 and it has support at 5895/5800. The Nifty ended for the second consecutive day in the positive territory above its 5900 mark at 5944.10. On the derivatives front we have seen that the Nifty Futures prices ended in the positive territory along with an overall addition of open interest but decline in the cost of carry, this is an indication of some shorts being built at higher levels. On the options front the Indian Volatility Index has decline by 4.92% suggesting some respite in the markets.

RESISTANCE: It has first resistance close to the level of 6020& after it may face the next resistance close to the level of 6095.

SUPPORT: It has first support close to the level of 5895 & after it may get the next support close to the level of 5800.

Check Our Stock Tips page for all Nifty future tips , stock option tips , Stock Future Tips. Click here to get  Free Stock Tips

RESISTANCE LEVELS: 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 11295& after it may get the next support close to the level of 11045.