8 February 2012

MARKET OUTLOOK FOR 9 FEB 2012


MARKET TREND FOR 9 FEB 2012
Asian markets are trading in the positive territory i.e. nifty is at 5375 up by 17 points. Bulls are  in good pace and have manage to  take index above 5400 soon it will witness stiff resistance over it.
Today index opened at 5343.00 hit fresh intraday low 5330 in morning session itself .The index hit 5394 the peak value of  today’s trading session.
Tomorrow bulls may takeover if level of 5425 is crossed with volume .Intraday weakness will be visible below 5335 level.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5404.67
SUPPORT1
5338.05
RESISTANCE2

5433,78
SUPPORT2
5301.23
RESISTANCE3
5498.23
SUPPORT3
  5236.65   

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