18 April 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR  19 APRIL 2012
Bulls have managed to take index above 5300 today, it made a high of 5340. But index could not sustain itself above the level of 5300 at the end of day i.e. dropped down and finally ended at 5295.
The uptrend of market is going to continue further . Nifty is likely to open above 5300 , it would be comfortable situation for bulls while range 5330-5350 would still good enough.
Some supply pressure would be likely at 5337 before the nifty tries to take out 5350. Major support area for nifty would be between 5250-5270
BUY NIFTY MAY 5100 PUT @56 TG 86

NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5325
SUPPORT1
5280
RESISTANCE2

5350
SUPPORT2
     5260
RE SISTANCE3
5400
SUPPORT3
 5225

2 comments:

  1. somya mukherjee19 April 2012 09:13

    i will buy nifty option call given by you and tell u what is outcome

    ReplyDelete
  2. somya mukherjee25 April 2012 14:20

    NIFTY 5100 put option was good i made 15000 rs ...looking forward for more on nifty option tips

    ReplyDelete