15 December 2011

NIFTY OUTLOOK FOR TOMORROW


The market touched positive zone slightly today falling drastically from 5000 level to 4850 levels.Market touched three weeks low bottom morning but food inflation date provided some relief.
Nifty today opened at the level of 4712.35 then climbed 56 points up to hit the high of 4768.65 but finally ended at 4746.35.
The market is eyeing RBI meeting tomorrow .Major chances  are  RBI will keep all the rates ,if RBI deliver surprise it could lead market in the direction with momentum direction depending upon the surprise.
Now the level of 4750 would prove the first resistance if this level is crossed then it could hit the level of 4800.The level of 4650 would prove the major support .
NIFTY  LEVELS FOR TOMMOROW
RESISTANCE1
4792.40
SUPPORT1
4685.78
RESISTANCE2

4830.55
SUPPORT2
4640.80
RESISTANCE3
4920.70
SUPPORT3
  4605.02   

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