Nifty future had seen sharp down fall and closed below 200 Days Moving Average. Its down fall will continue in coming trading sessions. One should adopt a strategy of selling at higher levels. Support for Nifty Future is at 5542/5508 and its Resistance is at 5715/5800. As the Nifty has broken 200 DMA, it can go down to 5400 level as selling pressure would come in the market and it has also broken the 4 months low mark, so traders are advised to avoid taking fresh position

RESISTANCE: It has first resistance close to the level of 5715 & above this level the next resistance is seen near the 5800 mark.

SUPPORT: It has first support close to the level of 5542 & below this level the next support is seen near 5508 mark.

RESISTANCE: It has first resistance close to the level of 10950 & above this level the next resistance is seen near the 11255 mark.

SUPPORT: It has first support close to the level of 10955 & below this level the next support is seen near 10338 marks.