A certain downtrend
was seen in today’s market. But there was soon recovery in afternoon itself but
again it declined .The index hit 4868.05
fresh intraday high
but again tumbled to hit lowest point i.e. 4804.55 at the end of the day. Nifty
was down 29.70 to settle at 4831.25 lowest closing level since 9 Jan 2012 .
Now we restate that
on the downside below 4850 the range 4832 and 4812 would act as initial support zone. If index were to trade below
4840 then we would see more selling to come.
NIFTY LEVELS FOR TOMORROW
RESISTANCE1
|
4864.68
|
SUPPORT1
|
4801.07
|
RESISTANCE2
|
4897.48
|
SUPPORT2
|
4771..32
|
RESISTANCE3
|
4961.68
|
SUPPORT3
|
4708.44
|