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
|
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