MARKET TREND FOR 21FEB 2012
As we have predicted in our previous post index had huge
rally above 5550 in today’s trading session. The market trimmed losses after
hitting intraday high 5604.50 in morning trade. Market gained its losses and managed to close above
psychological level of 5540 today. In the event of nifty cross and sustain
above 5590 the resistance is referred in this
column and bulls would start firing again to push it above 5600.
The bulls have made their situation strong index would find
major support near level of 5500.
NIFTY LEVELS FOR TOMORROW
RESISTANCE1
|
5597.68
|
SUPPORT1
|
5539.93
|
RESISTANCE2
|
5629.27
|
SUPPORT2
|
5514.97
|
RESISTANCE3
|
5686.42
|
SUPPORT3
|
5457.82
|