21 December 2011

NIFTY OUT LOOKS FOR TOMORROW


A spike during early trades and negative zone for the most part of the day and then recovery on the back made nifty to close in green again.As we have predicted in previous post the level of 4630 was crossed today which will prove to be a good note for coming tradin sessions.Nifty touched the level of 4707 in the intraday trade and its lowest point also was not very low to its starting level i.e. it was near 4600 points.We hope market to open above 4622 key resistance level.If it would open above there and stay above it then it is very much possibility of short covering rally in tomorrow trading session.The level of 4550 might prove support for it.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
4760.40
SUPPORT1
4648.77
RESISTANCE2

4798.65
SUPPORT2
457432
RESISTANCE3
4911.31
SUPPORT3
  4462.44   

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