16 March 2012

NIFTY OUTLOOK FOR TOMORROW

MARKET TREND FOR19 MARCH 2012
Volatility ruled the market ,indices again turned negative in afternoon trade after UNION budget  was announced . Today index started its journey from 5380 touched the high of 5441 in morning trade, but the negativity crept in finally index shattered at 5317 after touching low of 5313.
Even in the event of sell off till such time the market does not fall below the nifty zone between 5300-5280, the bulls could still stage a comeback. Bulls have to closely guard support area between 5240-5200 else there would be serious problem.
NIFTY  LEVELS FOR TOMORROW

RESISTANCE1
5400
SUPPORT1
 5270
RESISTANCE2

5485
SUPPORT2
     5229
RE SISTANCE3
5601
SUPPORT3
 5190

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