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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