NIFTY OUTLOOK FOR TOMORROW

MARKET TREND FOR  20  APRIL 2012

Completely lack luster movement . Index stayed above 5300 through out the day . But there was a range bound movement of 30 points only today. The peak value achieved was 5336 and valley point was 5297.

The most vital range is located between 5260-5225 if this range is not taken out on the downside , we expect nifty to retain its chances of moving up.

Nifty staying up the levels of 5322-5350 would act as signal for the onset of intermediate uptrend  . If nifty breaches support level 5260 then it should be taken as first sign of weakness. The level 5200 is absolute support for next couple of weeks.

NIFTY  LEVELS FOR TOMORROW

RESISTANCE1	5345	SUPPORT1	5305
RESISTANCE2	5360	SUPPORT2	5280
RE SISTANCE3	5400	SUPPORT3	5240

NIFTY OUTLOOK FOR TOMORROW

MARKET TREND FOR 13 APRIL

There was a volatile movements in the market , index edged higher today. The peak value breached by it was 5288 where as it fell till 5260 in intraday trade.

Overall today was a wide ranging day index oscillated up and down in large range . Market is eyeing the result of Infosys that is going t be declared tomorrow.

The range on upside that we need to keep in mind as key zone above 5200 which if bulls would gain some strength and sustain there then will manage to take index above 5350.

Similarly for bears to strike back again they need to push index below 5209-5200.

NIFTY  LEVELS FOR TOMORROW

RESISTANCE1	5285	SUPPORT1	5265
RESISTANCE2	5300	SUPPORT2	5250
RE SISTANCE3	5330	SUPPORT3	5230

NIFTY OUTLOOK FOR TOMORROW

MARKET TREND FOR 12 APRIL 2012

There was a slow start this morning ,later on index gained momentum to hit a high of 5254 in late trading session. But it could not manage itself to stay here, i.e. again dropped down to end at 5226.

Market participants are cautious regarding Infosys results  going to be declared on this Friday and  RBI policy meet   going to be held on 17 april 2012 which would pay important role in driving sentiments in near term.

We would see nifty opening around 5200 , the range 5225-5250 is to be observed very closely. Any failure to hold this range would prove a danger for the  bull market.  Any campaign below 5200 would  be a real trouble, next support area to be watched will lie between  5150-5175.

NIFTY  LEVELS FOR TOMORROW

RESISTANCE1	5260	SUPPORT1	5215
RESISTANCE2	5290	SUPPORT2	5180
RE SISTANCE3	5325	SUPPORT3	5100