1 June 2012

NIFTY OUTLOOK FOR TOMORROW

MARKET TREND FOR 4 JUNE  2012


The Indian market slipped in late afternoon trade after European markets turned negative. The Nifty was dragged down by rate sensitives, commodities and technology stocks, whereas midcap infra & textile shares pulled down the broader markets. The nifty was down by 86 points at the end of the day.
There is every likelihood that we would open around the 4850-mark for the Nifty. The most crucial level—immediately, on the downside—would 4833.
On the downside, the level of 4883 needs to be defended at all costs on closing price basis—any failure to do so would even put the 4810-mark under threat as well. Going further down, we have  support  at 4800.


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NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
4880
SUPPORT1
4820
RESISTANCE2

4930
SUPPORT2
     4790
RES ISTANCE3
4980
SUPPORT3
 4730





  





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