27 December 2011

NIFTY OUTLOOK FOR 28 DEC 2011


As we have predicted in our last post nifty crosses the level of 4770 then its recovery attempt would achieve success same happened in past trading sessions. Seeing the outlook of nifty we can say that bulls showing lot of strength would carry nifty beyond 4800 mark as well. Since the bulls could absorb a lot of supplies between 4760 and 4780 this range would act as support area. It was volatile day for market . First resistance for it    4820  above which buying interest may take place  4750is acting as support level of it.s
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
4790.56
SUPPORT1
4720.77
RESISTANCE2

4840.99
SUPPORT2
4680.32
RESISTANCE3
4911.92
SUPPORT3
  4610.44   

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