11 April 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR 12 APRIL 2012
There was a slow start this morning ,later on index gained momentum to hit a high of 5254 in late trading session. But it could not manage itself to stay here, i.e. again dropped down to end at 5226.
Market participants are cautious regarding Infosys results  going to be declared on this Friday and  RBI policy meet   going to be held on 17 april 2012 which would pay important role in driving sentiments in near term.
We would see nifty opening around 5200 , the range 5225-5250 is to be observed very closely. Any failure to hold this range would prove a danger for the  bull market.  Any campaign below 5200 would  be a real trouble, next support area to be watched will lie between  5150-5175.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5260
SUPPORT1
5215
RESISTANCE2

5290
SUPPORT2
     5180
RE SISTANCE3
5325
SUPPORT3
 5100

2 comments:

  1. very good blog ,nifty outlook given by you help to plan out for trading.

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