5 March 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR 6MARCH 2012
 The index opened at the level of 5342 this morning the weakness was  in morning session itself. Bulls were not strong enough to carry index upward.
Index dropped by nearly 80 points hitting a low of 5272 in late trading session and finally settled  at 5280. The market is trading in narrow range bound situation probably election result will decide breakout or breakdown.
If index is firmly pushed above 5360 points then bulls would be the drivers. The major support area would be 5297-5280.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5325
SUPPORT1
 5251
RESISTANCE2

5375
SUPPORT2
     5223
RESISTANCE3
5450
SUPPORT3
 5146   

2 comments:

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