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