Tuesday, April 3, 2012

NIFTY OUTLOOK FOR 4 APRIL 2012


MARKET TREND FOR 4 APRIL 2012
As we have predicted in our previous post bulls have captured driving seat again and managed to take index above 5320 in today’s trading session .Index started at  the level of 5343 and extended gains to hit a high of 5375 in afternoon trade.
The nifty is expected to open higher on Wednesday, as we  have seen it crossing the resistance level of 5375 in today’s session itself. As we see nifty moving and staying above 5300 we would have to keep the level of 5375,5400,5425 for further resistance level.
So long as index does not fall below the range of 5286-5260 bulls might use the dips to create long positions.
                                             
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5370
SUPPORT1
5340
RESISTANCE2

5400
SUPPORT2
     5320
RE SISTANCE3
5425
SUPPORT3
 5300
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2 comments:

  1. kuldeepApril 11, 2012 at 6:27 PM

    nifty outlook for tomorrow gives full information about the movements in market for next day.i have observed it, predictions are really turning true.

    ReplyDelete
  2. kuldeepApril 11, 2012 at 6:29 PM

    nifty outlook for tomorrow is giving very true information, market movements are like wise

    ReplyDelete

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