6 January 2012

NIFTY OUTLOOK FOR TOMORROW


Nifty is looking consolidate from here. Market has changed its way ,nifty  saw a swing of more than 30 points during the day.
Market once again pared losses after weakening to hit fresh intraday low in mid morning trade .Nifty rose 4.15 points to settle at 4754.10.Index hit a low of 4686.85 in intraday trade.
Bulls may attempt to take nifty near to the level of 4800 in coming week .Considering the movements of market of past days key support level  to watch out for would be 4725.If index were to fell below it ,we would expect further weakness
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
4799.03
SUPPORT1
4698.77
RESISTANCE2

4843.97
SUPPORT2
4641.32
RESISTANCE3
4949.97
SUPPORT3
  4540.44   

No comments:

Post a Comment