9 April 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR  10 APRIL 2012
After a long weekend nifty started its journey again from the level of 5284. But there was a range bound movement throughout .  Bulls were not powerful enough to take nifty across 5300 in today’s session it simply touched a high of 5261 in late session.
Nifty is like to open near 5225 tomorrow, if bulls are able  to put nifty above 5330 then next level to withstand would be 5375. But if nifty trades below 5225 ,which is more likely, for significant length of time then we are again going to see short term weakness developing in the market .If weakness takes index below 5200 once again would be quite damaging of bull market.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5250
SUPPORT1
5225
RESISTANCE2

5275
SUPPORT2
     5205
RE SISTANCE3
5300
SUPPORT3
 5180

1 comment:

  1. Good blog.nifty outlook predicted by you is superb.i m regular reader of your nifty blog

    ReplyDelete