MARKET TREND FOR 2 MAY 2012
Nifty started its journey above the
level of 5200 but there was a range bound movement throughout the day . The
only thing was that index sustained above 5200 .As nifty crossed today the
level of 5240 so we may see the recovery
attempt to continue further . There was a range bound trading throughout the
april month ,we hope nifty will cross the level of 5350-5400 in MAY.
Bulls would get some control over
market if they manage to take nifty beyond 5340 and sustain there before this
index need to cross range of 5270-5300 for upward swing.
Bears are on there way to secure their
position on index , if it falls below 5140 it will confirm the hold of bears
NIFTY LEVELS FOR TOMORROW
|
RESISTANCE1
|
5260
|
SUPPORT1
|
5225
|
|
RESISTANCE2
|
5280
|
SUPPORT2
|
5205
|
|
RE SISTANCE3
|
5310
|
SUPPORT3
|
5180
|
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