21 May 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR 22  MAY  2012
There was a rangebound movement in the market ,it opened around 4888 and ended on 4906. The index edged higher in early trade then regained strength to hit a high of  4934 in afternoon session. The opening point itself was the lowest point it witnessed  today.
The Indian currency has breached 55 to the dollar mark ,this responsible for the down trend of the market. The coming trading session may also witness the low trend of the market.
On upside nifty if nifty manage to stay  above 4920 we would see good effort on the part of bulls to push things further upward.  After this range 4925-4950 would act as next resistance zone for index. Any move and close above 5000 would confirm that downtrend has been reversed.
As support area ,the range between 4875-4860 would be key demand zone. The  range 4845-4860 would provide next support to the index.

NIFTY STRANGLE STRATEGY GIVEN NY US IS STILL CONTINUE TO  HOLD……….


 NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
4930
SUPPORT1
4880
RESISTANCE2

4960
SUPPORT2
     4860
RES ISTANCE3
5000
SUPPORT3
 4810



2 comments:

  1. thanks for such a good and informative blog.

    ReplyDelete
  2. superb blog.the market movement was accordingly

    ReplyDelete