MARKET TREND FOR 3 MAY 2012
As we have noticed the movement in
the market today, i.e. it has crossed the level of 5250 so we can say that this
recovery attempt is likely to continue . But index couldn’t maintain its start
till the end of the day.
Nifty
continue the positive momentum and expected to trade higher .Technically
crossing the level of 5300 and sustaining above it would show the good signs
for the index. The range 5300-5325 would act as the major supply zone, unless
this range is taken out the recovery attempt may come to naught.
On downside any failure to hold support near 5220-5200, nifty is likely
to test next support near the level of 5170.
Our nifty strangle strategy continue
to hold ………..
STOCKS TO WATCH TOMORROW
ASHOK LEYLAND,PANTALOONR
NIFTY LEVELS FOR TOMORROW
|
RESISTANCE1
|
5260
|
SUPPORT1
|
5220
|
|
RESISTANCE2
|
5290
|
SUPPORT2
|
5200
|
|
RE SISTANCE3
|
5325
|
SUPPORT3
|
5175
|
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