NIFTY TREND FOR 20/03/2012
Major Resistance Levels : 5333-5395-5436
Major Support Levels : 5204-5163-5101
Short / Middle Term Target : 4950-5010
Market is clearly bearish and Nifty moves towards our short / middle term target. Hence , please keep away from long ( buying ) positions tomorrow .
Nifty opened slightly up and closed at 5257.05 with 1.14% loss. It was seen a bearish market today as we predicted in last episode ( Ref: NIFTY TODAY : EPISODE 66 ) . All sectoral indices closed in red today. RELINFRA was the top loser in Nift.
Increased service tax, excise tax and cess made the market emotional . Apart from that, charts reveal that market is bearish.
GOOD LUCK.....
No comments:
Post a Comment