26 April 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR  27APRIL 2012
Index  registered small losses in lack luster trading session as traders rolled over there position from april series to may series. Today nifty started at 5214, real hurdle it placed between 5214-5135. The high today it made was 5204 and the low was 5181.
However real test for bulls recovery attempt would happen when index  crosses the 5250 range 5255-5265 would most difficult zone for nifty. If the index manages to take it out next significant resistance at 5280.
On downside whole range between 5187-5160 would now act as strong support zone and major support would continue to be located at 5132.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5200
SUPPORT1
5175
RESISTANCE2

5215
SUPPORT2
     5160
RE SISTANCE3
5240
SUPPORT3
 5140

1 comment:

  1. the article containing nifty outlook given by you are in easy language.good blog

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