23 December 2011

nifty outlook for tomorrow

On Monday nifty is likely to trade with positive bias. If it crosses the level of 4750 then a buying signal can be seen in the market. The movement in the market seen in two days filled a huge deep hole from the level of near 4550 to close at 4714.00 points. But this is not a confirmatory signal of upward climb .If index can be pulled up beyond the level of 4770 then only we can see this recovery attempt achieving some success .The level of 4600 would prove the major supporting level to the market.  
NIFTY LEVELS FOR TOMOROW

RESISTANCE1
4753.90
SUPPORT1
4685.99
RESISTANCE2
4793.80
SUPPORT2
4653.30
RESISTANCE3
4864.05
SUPPORT3
4583.05

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