MARKET TREND FOR 22 MARCH 2012
The market opened low but edged
higher to move in positive terrain in afternoon session. The index hit the low
of 5262 in morning session itself. It extended intraday gains to hit intraday
high of 5364 in afternoon session.
Nifty was up by 90 points finally
closed at 5364 highest closing level since
15 march. The range between 5325-5375 for nifty holds key for any
recovery attempt by bulls, if they manage to push index above it we can expect
more gains.
On downside support levels to monitor
would be 5230-5200. Till time nifty slide below 5182 bulls would retain their ability.
One can buy nifty 5200 April put @48 Rs.
NIFTY LEVELS FOR TOMORROW
RESISTANCE1
|
5400
|
SUPPORT1
|
5242
|
RESISTANCE2
|
5436
|
SUPPORT2
|
5220
|
RE SISTANCE3
|
5540
|
SUPPORT3
|
5112
|