3 May 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR 4  MAY  2012
WOW!!! Our nifty strangle strategy is rocking now we have booked profit in 5200 put @112,call of 5400 still continue to hold……
The economic worries arising from the country’s fiscal and trade  deficit  weighed on the sentiments as the index fell down and reached the below the level of 5184 in intraday trade. The market edged lower in morning session and extended the loses to hit the low of 5185 in morning session.
The level of 5250 would prove too much for the bulls to cross, the most critical  support area  for the index will be 5210-5230.
If index fell below this then the range 5190-5210 would act as major resistance . As we have noticed that index seems weaker so in downward rally below 5200 level nifty would find support near 5170. If it further slides down then bulls would be in real trouble.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5200
SUPPORT1
5180
RESISTANCE2

5225
SUPPORT2
     5160
RE SISTANCE3
5250
SUPPORT3
 5140


5 comments:

  1. I really believe you will do much better in the future I appreciate everything you have added to my knowledge base. Admiring the time and effort you put into your blog and detailed information you offer!
    roofing grapevine

    ReplyDelete
  2. Thanks for such a good strategy.

    ReplyDelete
  3. GOOD CALL given.keep giving such calls

    ReplyDelete
  4. great strategy given ,i have booked it. i m waiting for such more

    ReplyDelete