12 January 2012

NIFTY OUTLOOK FOR TOMORROW


A certain downtrend was seen in today’s market. But there was soon recovery in afternoon itself but again it declined .The index hit 4868.05
fresh intraday high but again tumbled to hit lowest point i.e. 4804.55 at the end of the day. Nifty was down 29.70 to settle at 4831.25 lowest closing level since 9 Jan 2012 .
Now we restate that on the downside below 4850 the range 4832 and 4812 would act as initial  support zone. If index were to trade below 4840 then we would see more selling to come.  
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
4864.68
SUPPORT1
4801.07
RESISTANCE2

4897.48
SUPPORT2
4771..32
RESISTANCE3
4961.68
SUPPORT3
  4708.44   







1 comment:

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