13 February 2012

MARKET OUTLOOK FOR 14 FEB 2012




MARKET TREND FOR 14FEB 2012

Market moved in positive terrain after a lower opening in morning session. Index crossed the level of 5400 in today’s trade also but cannot maintain a steady note over here .It made a high of 5410 in today’s trading session further rolled back to shed at 5390.75 finally.
We need to see nifty get past 5400-5450 major supply zone and it should happen with a lot of fresh buying if index is above 5450 more upward swing is expected.
On downside range between 5380 5362 should be closely monitored for this is going to act like key support zone.  
NIFTY LEVELS FOR TOMOROW
RESISTANCE1
5416.55
SUPPORT1
5357.80
RESISTANCE2
5442.90
SUPPORT2
5325.40
RESISTANCE3
5501.65
SUPPORT3
5266.65

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