20 April 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR  23 APRIL 2012
The NIFTY MAY 5100 PUT  given on 19 april 2012 made a high of 71 today call given  @56 TG 86 continue to hold.
Nifty managed to open above 5300 again today but couldn’t sustain in second half, it touched a low of 5245 in late session. The highest point index touched was 5335.
As nifty closed near 5300 today , so nifty would open above 5300 on Monday. On the way of uptrend level of 5330-5350 would provide a good resistance . The final hurdle of course be zone between 5360-5380 once taken out decisively would  signal onset of intermediate uptrend . In case of any major sell off nifty taking below 5250 ,we would see good support near 5230
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5335
SUPPORT1
5240
RESISTANCE2

5380
SUPPORT2
     5200
RE SISTANCE3
5470
SUPPORT3
 5120

4 comments:

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