28 February 2012

MARKET OUTLOOK FOR TOMORROW


MARKET TREND FOR 29 FEB 2012
Market opened lower and was down  in early hours. In today’s session index touched a low of 5308.10.Later on recovered and uptrend extended ,index hit a fresh intraday high of 5339.20 in  mid session. Nifty rose 94.30 points to finally close at 5375.50.
Now seeing the pace  market is expected to find resistance near the level of 5380.
On the downside below 5280 support is likely to come in at 5261,5253.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5373.80
SUPPORT1
 5342.65
RESISTANCE2

5372.10
SUPPORT2
   5309.80
RESISTANCE3
5462.25
SUPPORT3
 5278.65   

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