9 January 2012

NIFTY OUTLOOK FOR TOMORROW


A moderate weakness was seen in the market in morning session. The  market regained pace in early trades, erased all its losses here itself. Nifty gave a cold start at 4747.50 this morning ,hit a fresh intraday high of 4756.80 in afternoon trade and then  shattered at 4742.78 points at the end of the day.
The movement of index is between the range of 4700-4800. The whole situation will undergo a radical change in favor of the bulls once nifty crosses the level 4850. The level 4700 would prove to be major support.   
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
4764.68
SUPPORT1
4713.07
RESISTANCE2

4786.48
SUPPORT2
4683.32
RESISTANCE3
4838.68
SUPPORT3
  4631.44   

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