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