5 April 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR  9  APRIL 2012
As we have predicted in previous post the movement in the market was in very narrow range . With RBI policy and earnings , APRIL is going to be an important month for the market.
Index opened at the level of 5328 made a high of 5336 and low of 5306 in today’s trading session.
The key level to watch out for is 5340 if nifty trades below it then it would show the initial signs of weakness . The range from 5320 through 5286 is strong support zone .
The whole range between 5379-5405 could act as major supply zone . It is better to exist from short term long positions at high levels above 5350 rather than initiating fresh ones.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5330
SUPPORT1
5306
RESISTANCE2

5350
SUPPORT2
     5290
RE SISTANCE3
5380
SUPPORT3
 5260

3 comments:

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  2. I read your post. That was amazing. Your thought processing is wonderful.
    The way you tell the thing is awesome. They are inspiring and helpful.

    Thank you.

    Regards: MCX

    ReplyDelete
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