MARKET TREND FOR 2 MARCH 2012
The market seems to be setting down for some volatile range
bound trading over the next few days .We need to keep in mind nifty zone between
5350-5470. If bulls manage to push nifty above 5400 and make it stay above it
then expect more buying and further
upside trend in the market.
While if index falls below 5300 and fails to recover bear
pressure would escalate and it would face serious threat of more downward
movement .The market would remain largely volatile between the range of 5325
and 5400.
NIFTY LEVELS FOR TOMORROW
RESISTANCE1
|
5365
|
SUPPORT1
|
5305
|
RESISTANCE2
|
5390
|
SUPPORT2
|
5276
|
RESISTANCE3
|
5430
|
SUPPORT3
|
5305
|