9 March 2012

MARKET OUTLOOK FOR TOMORROW


MARKET TREND FOR 12 MARCH 2012
As we have seen in today’s trade bulls have done their job to some extent, clearly index has been taken above 5300 . Now if it manages to stay here then bull will be seen on driver’s seat again. The peak point of today was 5334,where as lowest point seen today was 5334,where as lowest point touched was 5301
Once the hurdle of 5350 is crossed lot of strength would be rendered to market for upward movement .
Bears on the other hand need to push the index below major support range 5180-5200.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5355
SUPPORT1
 5306
RESISTANCE2

5377
SUPPORT2
     5279
RESISTANCE3
5426
SUPPORT3
 5230   

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