28 March 2012

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

1 comment:

  1. VERY GOOD BLOG.NIFTY LEVELS PROVIDED BY YOU ARE HELPING A LOT FOR TRADING TO ME.

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