29 February 2012

MARKET OUTLOOK FOR TOMORROW


MARKET TREND FOR 1 MARCH 2012
The market opened on a firm note. The market regained strength in morning trade .Index  slip into red to hit intraday low 5359.30. in afternoon trade.
On the way up above 5425 mark far index 5450 and 5475 would initial resistance zone .From a technical point of view if nifty does not fall below 5375 mark assume that market got strength to sustain itself at higher levels above 5400.
Once above 5400 mark for some time range 5400 and 5375 would act as initial support range.   
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5438.50
SUPPORT
5345.55
RESISTANCE2

5492.10
SUPPORT2
   5305.80
RESISTANCE3
5585..25
SUPPORT3
 5212.65   

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