15 May 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR 16 MAY  2012
Index opened below 4900 but soon gained pace and crossed this level. The bad start turned out to be good one as index after hitting a high of  4946 ended at 4942 finally. The index did not fell below its opening level 4869 today.

If nifty manages to cross 4900 then it would mean that recovery attempt may sustain for some time else weakness will paramount. The level of 4950 would prove to be a hurdle in the upward move once index sustain above it would be a good sign of hope.
On the other hand the level 4870 would act as major support for the index . The range 4840-4860 would provide next support to it ,bulls will not give up fight even if lower level to this range is breached  tomorrow. In case the level 4840 is broken by heavy selling the next support to be watch out would be 4814.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
4970
SUPPORT1
4890
RESISTANCE2

5000
SUPPORT2
     4840
RES ISTANCE3
5070
SUPPORT3
 4810

5 comments:

  1. good blog,regularly updated on nifty future levels

    ReplyDelete
  2. any call on nifty future pr nifty option

    ReplyDelete
    Replies
    1. keep reading nifty option and nifty future calls will be updated here soon

      Delete
  3. nice blog.i like reading it regularly

    ReplyDelete
  4. good blog.the market outlook helps to plan out for next day trade

    ReplyDelete