1 March 2012

MARKET OUTLOOK FOR TOMORROW

MARKET TREND FOR 2 MARCH 2012
The market seems to be setting down for some volatile range bound trading over the next few days .We  need to keep in mind nifty zone between 5350-5470. If bulls manage to push nifty above 5400 and make it stay above it then expect  more buying and further upside trend in the market.
While if index falls below 5300 and fails to recover bear pressure would escalate and it would face serious threat of more downward movement .The market would remain largely volatile between the range of 5325 and 5400.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5365
SUPPORT1
5305
RESISTANCE2

5390
SUPPORT2
      5276
RESISTANCE3
5430
SUPPORT3
 5305   

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