19 January 2012

NIFTY TIPS NIFTY OUTLOOK FOR TOMORROW

MARKET TREND FOR 20 JAN 2012
As we have predicted in our last post bulls are in action now and have managed to drag index above 5000 today hitting the high of 5018.55 in intraday trade. It has crossed this level after more than six weeks .
Bullish trend of market was seen from its opening level in morning itself . the fresh intraday low hit by index was 4995.
The market witnessed a sudden rally as mentioned by us and we hope to see more uptrend for coming sessions. Nifty will find support near the level 4990.

Our Nifty strangle strategy is going 35%  return .Nifty 4900 call @131 and Nifty 4800 put @4.45 continue to hold…….    
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5015.97
SUPPORT1
5005.07
RESISTANCE2

5027.48
SUPPORT2
4992..32
RESISTANCE3
5040.68
SUPPORT3
  4976.44   

1 comment:

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