19 March 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR 20 MARCH 2012
The union budget 2012 has nothing  to bring cheers. The market after opening higher slipped into red to hit lowest point i.e. 5238
The market recovered slightly but again dropped in morning trade itself . The market trimmed losses in latter trade also . The highest point it touched was 5340 in intraday trade , lastly nifty ended 60 points down today.
Coming to technical levels, we need to closely monitor the support range between 5310 and 5297—this is likely to be the most crucial range  Further down support levels are located at 5243, 5223 and a major support would be between 5204 and 5199.  The last and final support before the bull market would be under severe threat would be at 5175   
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5315
SUPPORT1
5215
RESISTANCE2

5375
SUPPORT2
     5175
RE SISTANCE3
5480
SUPPORT3
 5074

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