NIFTY OUTLOOK FOR TOMORROW

Things have turned quite murky  now index moved down in such a fashion that makes further downside movements a very high probability event.

As we have predicted in our previous post RBI on Friday left its main lending rate unchanged in order to support faltering economic growth as inflation shows signs of cooling.

Nifty continued to move in negative trend ,opened at 4602.25 couldnot maintained this level throughout the day touched the level of 4561 todays lowest level.Again managed to climb and lastly closed at 4613.10.Now it will take long to climb up again for nifty.The level of 4580 will prove the major support for it

NIFTY  LEVELS FOR TOMMOROW

RESISTANCE1	4623.40	SUPPORT1	4592.77
RESISTANCE2	4633.83	SUPPORT2	4581.32
RESISTANCE3	4675.21	SUPPORT3	4550.44

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

NIFTY OUTLOOK FOR TOMORROW

The movements in the market were nearly same as we have published in our last post.Market couldnot manage to cross the level of 5000 also didn’t fell below our supporting point 4750.

Market couldnot manage to  touch its opening point throughout the day.It closed slightly above its lowest point of the day i.e. 4769.00 was its closing point .

On Tuesday if market starts near to 4950 then it may again climb up to cross the level of 5000.

But seeing the negativity in the market today we can say that it might fluctuate between 4750-4900.

NIFTY FUTURE LEVELS FOR TOMMOROW

RESISTANCE1	4868.37	SUPPORT1	4715.12
RESISTANCE2	4968.33	SUPPORT2	4662.33
RESISTANCE3	5121.33	SUPPORT3	4509.33

 vv

NIFTY OUTLOOK FOR TOMORROW

Market had good opening today.It maintained the level of 5000 and even touched its highest level of 5134.65.Noon session was not so good for it but recovery was soon.and finally ended at5066.25.

Hope many profit bookings for coming session.If nifty touches the level of 5110 then it may move upto 5170 points.If market drops below 5090 then it might go below 5000.

NIFTY FUTURE LEVELS FOR TOMMOROW

RESISTANCE1	5115.40	SUPPORT1	5036.35
RESISTANCE2	5164.55	SUPPORT2	5006.45
RESISTANCE3	5243.69	SUPPORT3	4927.40

NIFTY OUTLOOK FOR TOMORROW

Last week  proved very sgood for the market .It maintain the level at  which it closed today also.There was not much up and down seen in the market.It fluctuated just 20 points above and below its opening points .It started at 5062 touched level of 5985.90 and then falled back to 5022.20 at the end.

Now continuing the same trend market will be above 5000 for coming session.If it crosses the level of 5050 then may go upto5150 points .The level of 5000 will prove to be major support for it.

NIFTY FUTURE LEVELS FOR TOMMOROW

RESISTANCE1	5080	SUPPORT1	5045
RESISTANCE2	5100.20	SUPPORT2	5010
RESISTANCE3	5150	SUPPORT3	4995

NIFTY OUTLOOK FOR TOMORROW

The pace of the market was well maintained.It made good start at 4978.45 points and fluctuated above and below near its starting point.Finally took a deep breathe on 4963.75.

After seeing that today market crossed the level of 5000 it  seems that market would do the same tomorrow We hope that market may not fall below the 4850.

NIFTY FUTURE LEVELS FOR TOMMOROW

RESISTANCE1	4999	SUPPORT1	4920
RESISTANCE2	5005	SUPPORT2	4880
RESISTANCE3	5120	SUPPORT3	4845

NIFTY OUTLOOK FOR TOMORROW

Market proved out to be good today.It moved only 62 points above its starting point was todays highest point i.e.4862.00

Market moved around its opening point and finally shattered down at 4832 points .

At the end of the day we can predict that if market cross first resistance i.e.4860 then could meet second .But we can’t forget the otherside at the same time that market maynot fall below 4700 points.

NIFTY FUTURE LEVELS FOR TOMMOROW

RESISTANCE1	4860	SUPPORT1	4770
RESISTANCE2	4910	SUPPORT2	4750
RESISTANCE3	4980	SUPPORT3	4700

NIFTY OUTLOOK FOR TOMORROW

The first two days of the week proved to be positive for market.The pace of market was maintained throughout .It started at 4872 points and falled by 84 points reached at todays low point 4788.Then again market picked up and finally closed below its opening level i.e. 4816.

After seeing today we hope next day also to be in same pace .Market can rise till 4900 points tomorrow hope that will not get below 4750 points.

NIFTY FUTURE LEVELS FOR TOMMOROW

RESISTANCE1	4870	SUPPORT1	4770
RESISTANCE2	4918	SUPPORT2	4750
RESISTANCE3	4990	SUPPORT3	4640

NIFTY OUTLOOK FOR TOMORROW

As we predicted the first resistance in our previous report market opened at 4750 points. Soon it made a high jump and reached its peak i.e. 4778 in first half but soon was dragged down to 4668 points.

Slowly the market recovered but could not reach its opening level and shattered down at 4710 points.

The last week was not full of very high ups and downs .The first day of week  can be turned out to be good for the start of 4900 points .But we can’t forget that being first day its downtrend can also not overlooked,it can’t fall below 4530 points

NIFTY FUTURE LEVELS FOR TOMMOROW

RESISTANCE1	4770	SUPPORT1	4675
RESISTANCE2	4810	SUPPORT2	4640
RESISTANCE3	4910	SUPPORT3	4540