MARKET TREND FOR 4 APRIL 2012
As we have predicted in our previous
post bulls have captured driving seat again and managed to take index above
5320 in today’s trading session .Index started at the level of 5343 and extended gains to hit a
high of 5375 in afternoon trade.
The nifty is expected to open higher
on Wednesday, as we have seen it crossing
the resistance level of 5375 in today’s session itself. As we see nifty moving
and staying above 5300 we would have to keep the level of 5375,5400,5425 for
further resistance level.
So long as index does not fall below
the range of 5286-5260 bulls might use the dips to create long positions.
NIFTY LEVELS FOR TOMORROW
RESISTANCE1
|
5370
|
SUPPORT1
|
5340
|
RESISTANCE2
|
5400
|
SUPPORT2
|
5320
|
RE SISTANCE3
|
5425
|
SUPPORT3
|
5300
|