15 March 2012

NIFTY OUTLOOK FOR TOMORROW

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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