27 April 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR  30 APRIL 2012
Traders carried forward bearish bets to MAY series on expiry of april of contracts  on Thursday. There was flat movements in the market. It made a high of 5215 in morning session the downfall begin after it and ended at 5190 after hitting a low of 5168.
Nifty needs to clear initial hurdle between 5214-5220. Once this range is cleared next resistance level will be 5250. If recovery attempt would happen next range will be 5260.
On down side whole range between 5187-5160 would act as a strong support zone and major support would continue to be located at 5132.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5215
SUPPORT1
5160
RESISTANCE2

5240
SUPPORT2
     5140
RE SISTANCE3
5280
SUPPORT3
 5090


1 comment:

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