17 April 2012

NIFTY OUTLOOK FOR TOMORROW

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

1 comment:

  1. very informative blog.the regular updates help a lot to me.

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