Resistance :- 5449.03, 5524.36, 5565.68
Support :- 5332.38, 5291.06, 5215.73
Break -Even Point :- 5407.71
Market Outlook :- Positive if maintains above 5407.71
As I said on 17 March 2011 If NIFTY Spot breaks 5448 - 5440 -5400 these levels in order and trades below these levels at least 3 days then can go up to 5200 - 5176. 1st day was 18 March 2011 now 2 days have become left and need to watch NIFTY Spot trades below the suggested levels or not.
If we see the above chart its clearly stats that there is strong support around 5308. So NIFTY Spot can take strong support at 5300 - 5310. If it breaks and close below this level then surly can touch 5200 - 5176.
Support :- 5332.38, 5291.06, 5215.73
Break -Even Point :- 5407.71
Market Outlook :- Positive if maintains above 5407.71
As I said on 17 March 2011 If NIFTY Spot breaks 5448 - 5440 -5400 these levels in order and trades below these levels at least 3 days then can go up to 5200 - 5176. 1st day was 18 March 2011 now 2 days have become left and need to watch NIFTY Spot trades below the suggested levels or not.
NIFTY Spot Movement for 1 Year from 18 March 2010 - 18 March 2011
If we see the above chart its clearly stats that there is strong support around 5308. So NIFTY Spot can take strong support at 5300 - 5310. If it breaks and close below this level then surly can touch 5200 - 5176.
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