NIFTY TIPS NIFTY OUT.LOOK FOR TOMORROW

MARKET TREND FOR 18 JAN 2012

As we have predicted in our last post that the index will soon cross the level of 5000 today it touched the high of 4971.30 very near to 5000.Bulls are in action and will certainly make the attempt to bring index to this level. Nifty hit the level of 4927 in intraday trade.

As we have noticed continous uptrend in index since last two days so we hope that the same upward pace to continue tomorrow and the index may cross the level of 5000.

Any major volume based selling taking the index below 4850 would mean beginning of weakness.

NIFTY OPTION STRATEGY UPDATE

Yesterday we have given nifty strangle strategy @cost of RS100 which is already in profit today 4800 put  closed @ 15    4900 call closed @ 106 continue to hold…….

NIFTY  LEVELS FOR TOMORROW

RESISTANCE1	4983.97	SUPPORT1	4938.07
RESISTANCE2	4997.48	SUPPORT2	4911..32
RESISTANCE3	5043.68	SUPPORT3	4866.44

NIFTY OUTLOOK FOR TOMORROW

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

NIFTY OUTLOOK FOR TOMORROW

Like we said on our earlier post it was choppy trade for market.Nifty closed its session in negative terrain today.

It couldnot accelerate enough to cross level of 5000 but at the same time it didnot fell below 4800 which we have predicted as major support.


 Now we can say that pull back attempt may come above 4850 closing otherwise selling off will continue.Again level of 4750 could prove the major supportive.

 NIFTY  LEVELS FOR TOMMOROW

RESISTANCE1	4818.40	SUPPORT1	4729.35
RESISTANCE2	4873.55	SUPPORT2	4690.00
RESISTANCE3	4962.70	SUPPORT3	4610.10

NIFTY OUTLOOK FOR TOMORROW

The down trend of nifty continued for the second day of the week.As we have predicted in our last post market fluctuations were seen between 4700-4800

Market manage to move upwards  after  hitting its highest point of the day.Finally market settled 67 points  below its opening level today.

Seeing slight upward movement today we can say that market might gain its speed to breach the level of 5000 .Tommorow the level of 4800 might prove the major support for it.  Buying slightly out of the money call option could be a good idea.

NIFTY LEVELS FOR TOMMOROW

RESISTANCE1	4850.70	SUPPORT1	4734.50
RESISTANCE2	4890.80	SUPPORT2	4678.40
RESISTANCE3	4907.00	SUPPORT3	4593.30