MARKET TREND FOR 23 APRIL 2012
The NIFTY MAY 5100 PUT given on 19 april 2012 made a high of 71
today call given @56 TG 86 continue to
hold.
Nifty managed to open above 5300 again
today but couldn’t sustain in second half, it touched a low of 5245 in late
session. The highest point index touched was 5335.
As nifty closed near 5300 today , so
nifty would open above 5300 on Monday. On the way of uptrend level of 5330-5350
would provide a good resistance . The final hurdle of course be zone between
5360-5380 once taken out decisively would
signal onset of intermediate uptrend . In case of any major sell off
nifty taking below 5250 ,we would see good support near 5230
NIFTY LEVELS FOR TOMORROW
RESISTANCE1
|
5335
|
SUPPORT1
|
5240
|
RESISTANCE2
|
5380
|
SUPPORT2
|
5200
|
RE SISTANCE3
|
5470
|
SUPPORT3
|
5120
|
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