13 December 2011

NIFTY OUTLOOK FOR TOMORROW


The down trend of nifty continued for the second day of the week.As we have predicted in our last post market fluctuations were seen between 4700-4800
Market manage to move upwards  after  hitting its highest point of the day.Finally market settled 67 points  below its opening level today.
Seeing slight upward movement today we can say that market might gain its speed to breach the level of 5000 .Tommorow the level of 4800 might prove the major support for it.  Buying slightly out of the money call option could be a good idea.
NIFTY LEVELS FOR TOMMOROW


RESISTANCE1
4850.70
SUPPORT1
4734.50
RESISTANCE2

4890.80
SUPPORT2
4678.40
RESISTANCE3
4907.00
SUPPORT3

4593.30   

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