6 March 2012

MARKET OUTLOOK FOR TOMORROW


MARKET TREND FOR 7MARCH 2012
 OUR NIFTY STRANGLE STRATEGY GIVEN IS ROCKING,IT IS GIVING 30-40 POINTS PROFIT AND CONTINUE TO HOLD.
High volatility was witnessed in morning trade. The market trimmed gains in afternoon trade hitting high of 5362 . The lowest level touched was 5208.
The market will now shift focus to next import triggered RBI policy and UNION BUDGET 2012 .Volatility of market will be continue till the budget .
Key support area of 5280 through 5265 would most likely be breached in opening gap.
The index would find resistance near 5320-5340.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5335
SUPPORT1
 5160
RESISTANCE2

5445
SUPPORT2
     5095
RESISTANCE3
5618
SUPPORT3
 4290   

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