3 March 2012

MARKET OUTLOOK FOR TOMORROW


MARKET TREND FOR 5 MARCH 2012
Market reversed after positive start in morning .It recovered from intraday low and alternately moved in positive and negative terrain . The  market hit intraday high of  5368.45  in morning session itself. The low point touched by index was 5354.78.
The crucial zone for the bulls to get past would be 5370-5400 if index manages this on Monday upward momentum would gather steam.
In case of any fall below 5297 index would find support near 5280-5260.
We are ignoring Saturday session because of low volume and low momentum.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5365
SUPPORT1
 5350
RESISTANCE2

5378
SUPPORT2
     5345
RESISTANCE3
5390
SUPPORT3
 5330   

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