19 April 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR  20  APRIL 2012
Completely lack luster movement . Index stayed above 5300 through out the day . But there was a range bound movement of 30 points only today. The peak value achieved was 5336 and valley point was 5297.
The most vital range is located between 5260-5225 if this range is not taken out on the downside , we expect nifty to retain its chances of moving up.
Nifty staying up the levels of 5322-5350 would act as signal for the onset of intermediate uptrend  . If nifty breaches support level 5260 then it should be taken as first sign of weakness. The level 5200 is absolute support for next couple of weeks.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5345
SUPPORT1
5305
RESISTANCE2

5360
SUPPORT2
     5280
RE SISTANCE3
5400
SUPPORT3
 5240

2 comments:

  1. Looking at chart for shares what we see may not mean much. On these charts there are stock patterns. These styles mean a lot to the traders that evaluate such information to create their deals. There are many different signs or symptoms and no one indicator out does the other. However when taken into account family member to one another it starts to add up. Knowing these patters allows traders make effective forecasts on upcoming assets. Nifty Live Chart

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  2. nice blog. the market prediction goes accordingly.keep it up

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