MARKET TREND FOR 18 APRIL 2012
Index started at the level of 5226, further recovered in morning session itself to hit the high of 5282. But soon it turned into red to fell till 5210 in today’s session. Again nifty gained pace and turned out positive , ended at 5280.
As we have seen index having good pace so we expect market to maintain it ,once the level of 5300 cleared then it will be the shot in the arms of bulls. The next resistance level to be watched would be 5335-5560.
On downside 5189 we need to watch out for next support at 5145 . If we see nifty below it near 5090 then we can say it as bear hug.
NIFTY LEVELS FOR TOMORROW
RESISTANCE1
|
5350
|
SUPPORT1
|
5225
|
RESISTANCE2
|
5370
|
SUPPORT2
|
5190
|
RE SISTANCE3
|
5425
|
SUPPORT3
|
5130
|
very informative blog.the regular updates help a lot to me.
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