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