17 February 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR 21FEB 2012
As we have predicted in our previous post index had huge rally above 5550 in today’s trading session. The market trimmed losses after hitting intraday high 5604.50 in morning trade. Market gained  its losses and managed to close above psychological level of 5540 today. In the event of nifty cross and sustain above 5590 the resistance is referred in this  column and bulls would start firing again to push it above 5600.
The bulls have made their situation strong index would find major support near level of 5500.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5597.68
SUPPORT1
5539.93
RESISTANCE2

5629.27
SUPPORT2
5514.97
RESISTANCE3
5686.42
SUPPORT3
  5457.82   

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