Wednesday, March 7, 2012

NIFTY OUTLOOK FOR TOMORROW

MARKET TREND FOR 9 MARCH 2012
As we have seen the market movements today it seems that bulls are facing serious problems over here. After   a slow start at 5207 ,it was difficult for index to cross level of 5250 in today’s trading session .
On the upside once 5280 is violated that would be the first resistance  after that levels of 5297-5304 would be next resistance zone.
The support area of 5280 through 5265 would most likely be breached.
NIFTY  LEVELS FOR TOMORROW

RESISTANCE1
5250
SUPPORT1
 5186
RESISTANCE2

5275
SUPPORT2
     5150
RESISTANCE3
5340
SUPPORT3
 5088   


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