Market opened on a firm note today, but bears were powerful enough to make the grip on index and
pull it down till 5176 today’s lowest level. The peak value touched by it was
5234.
The acid test zone on upside would come in between
5313-5320. As long as index doesn’t cross it and sustain above it we can’t
expect a upswing.
If we see index falling again below the 5175 it would
clearly indicate that troubles continue and further downfall is expected.
NIFTY LEVELS FOR TOMOROW
RESISTANCE1
|
5220
|
SUPPORT1
|
5150
|
RESISTANCE2
|
5250
|
SUPPORT2
|
5125
|
RESISTANCE3
|
5300
|
SUPPORT3
|
5060
|
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