13 March 2012

NIFTY OUTLOOK FOR TOMORROW

MARKET TREND FOR 14 MARCH 2012
Index edged higher for second consecutive day ,bulls have once again captured drivering seat. Index has touched a high of  
5436 in today’s session, the valley point it touched today was 5406.
The  real test  for bulls would lie  between the level of 5450-5500,if they manage to take index above then will able to push market further up till 5600 prior to budget .
 On downside support for nifty comes at 5350 . Below this, the Bears will have an upper hand, and Nifty Spot will slide further towards 5300-5250 and 5220 levels.
NIFTY  LEVELS FOR TOMORROW

RESISTANCE1
5345
SUPPORT1
 5408
RESISTANCE2

5468
SUPPORT2
     5387
RESISTANCE3
5500
SUPPORT3
 5350   

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