MARKET TREND FOR16 MARCH 2012
Nifty opened at firm note ,but dropped down latter. Nifty rose 34 points to settle at 5463 at the end of the day .Index hit the high of 5499 in intraday trade.
The weekend is going to be loaded with market moving events traders will have to be on their toes to match the volatility. BULLISH bias being continue with targets 5490,5520,5550 .
The swing in the market movement depends on the budget. The support exist right from 5420.Once this is broken 5365 would act as next supporting level.
NIFTY LEVELS FOR TOMORROW
RESISTANCE1
|
5445
|
SUPPORT1
|
5430
|
RESISTANCE2
|
5560
|
SUPPORT2
|
5390
|
RE SINCE3
|
5601
|
SUPPORT3
|
5200
|
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