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
|
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
ReplyDeletenice blog. the market prediction goes accordingly.keep it up
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