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