10 February 2012

Market outlook for 13 FEB 2012


MARKET TREND FOR 13FEB 2012
Nifty started near 5400 level in morning trade but it trimmed the losses in this session itself. Index gone down by nearly 40 points to end at 5343.35
We continue to express caution for buying at current levels other than going for long in intraday trades
Now we can hope that nifty would continue the upswing and again rush to cross the level of 5400 finding stiff resistance near 5425 on coming Monday. Index  would find support near the level of 5320.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5421.55
SUPPORT1
5342.85
RESISTANCE2

5461.25
SUPPORT2
5303.85
RESISTANCE3
5539.95
SUPPORT3
  5225.15   

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