MARKET TREND FOR 20 JAN 2012
As we have predicted
in our last post bulls are in action now and have managed to drag index above
5000 today hitting the high of 5018.55 in intraday trade. It has crossed this
level after more than six weeks .
Bullish trend of
market was seen from its opening level in morning itself . the fresh intraday
low hit by index was 4995.
The market witnessed
a sudden rally as mentioned by us and we hope to see more uptrend for coming
sessions. Nifty will find support near the level 4990.
Our Nifty strangle
strategy is going 35% return .Nifty 4900
call @131 and Nifty 4800 put @4.45 continue to hold…….
NIFTY LEVELS FOR TOMORROW
RESISTANCE1
|
5015.97
|
SUPPORT1
|
5005.07
|
RESISTANCE2
|
5027.48
|
SUPPORT2
|
4992..32
|
RESISTANCE3
|
5040.68
|
SUPPORT3
|
4976.44
|