26 March 2012

NIFTY OUTLOOK FOR TOMORROW


Market opened on a firm note today, but bears were  powerful enough to make the grip on index and pull it down till 5176 today’s lowest level. The peak value touched by it was 5234.
The acid test zone on upside would come in between 5313-5320. As long as index doesn’t cross it and sustain above it we can’t expect a upswing.
If we see index falling again below the 5175 it would clearly indicate that troubles continue and further downfall is expected.
NIFTY LEVELS FOR TOMOROW
RESISTANCE1
5220
SUPPORT1
5150
RESISTANCE2
5250
SUPPORT2
5125
RESISTANCE3
5300
SUPPORT3
5060

1 comment:

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