11 January 2012

NIFTY OUTLOOK FOR TOMORROW


We have recommended to write nifty 4700 at the date 6 Jan 2012 ,now you can  book profit as it is stating around RS 33 and raise SL at the cost for remaining positions.
Bulls are in action now, they are moving the market in a good pace as we have seen in today’s trading session i.e. hit the high of 4875 in intraday trade. The lowest level that the index touched was 4843.30
The day after is the awaited for the result of  a big company INFOSYS which would prove to be  a key trigger to decide the movement of the index for coming trading session.
Now we can say that nifty would find some where near the level of 4850 its resistance where  as level 4780 would prove to be support area.   

NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
4875.68
SUPPORT1
4844.07
RESISTANCE2

4889.48
SUPPORT2
4828..32
RESISTANCE3
4919.68
SUPPORT3
  4798.44   







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