25 April 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR  26APRIL 2012
Market opened higher made a high of 5238 in morning session then slipped into red and finally declined till 5202 at the end. The market may remain volatile tomorrow as traders roll over position from near month april 2012 series to may series ,april contract derivatives will expires tomorrow.
We would once again monitor the movements of index near 5220 as the defence line for the bulls. First resistance would be near 5235-5250,there would be tough battle between 5255-5270.
If  some weakness would be seen i.e. nifty drop below 5200 mark then first support it would get near 5175, if it falls further then support zone 5135-5150 is to be watched.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5240
SUPPORT1
5160
RESISTANCE2

5280
SUPPORT2
     5120
RE SISTANCE3
5320
SUPPORT3
 5050

2 comments:

  1. GOOD BLOG.the index moved accordingly on this day as predicted by you,i read your blog before planning my trading day.

    ReplyDelete
  2. I m regular reader of your blog,i was looking for such blog since long back

    ReplyDelete