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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