7 February 2012

NIFTY OUTLOOK FOR TOMORROW

MARKET TREND FOR 7 FEB 2012
Indian market recovered and maintained its status above 5350 points . The market surged to its highest level in almost 14 weeks at the onset of  trading session.
The market regained strength after trimming initial gains  to hit fresh intraday low 5323.00 at the end of today’s trading session .The  market was range bound in its afternoon trade, finally the index hit high of 5397.45  in intraday trade and ended at 5335.15
Now we are looking forward to see index above 5400 and if would survive here then further uptrend is expected. But if it is not so then the index would provide support near 5300.  
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5381.55
SUPPORT1
5306.85
RESISTANCE2

5426.25
SUPPORT2
5277.85
RESISTANCE3
5501.95
SUPPORT3
  5202.55   

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