NIFTY OUTLOOK FOR TOMORROW

MARKET TREND FOR29MARCH 2012

 Due to weakness in European and American market  Asian market is also trading lower.

 Index started journey with level of 5231 , then touched a low of 5194 further dropped more down to finally end at 5173.

We need to see recovery of market provided it manage to cross the level of 5290 . In case if nifty stand above 5235 we expect selling pressure build up again.

I f bears are able to push nifty below 5170 and manage to stay there then weakness signals would come back .The critical last major support will be 5140.

NIFTY  LEVELS FOR TOMORROW

RESISTANCE1	5222	SUPPORT1	5160
RESISTANCE2	5260	SUPPORT2	5130
RE SISTANCE3	5310	SUPPORT3	5080