Tuesday, April 10, 2012

Nifty Outlook for 10th April 2012

Nifty Outlook for 10th April  2012

Today's key support level @ 5211 & key resistance zone@ 5268-5287.Nifty should close above 5378 on day + weekly basis in order to break the current bearish formation of lower highs and lower tops.For intraday,Nifty will face resistance zone between 5269-5287,should nifty negotiate this resistance zone,then bulls will make an attempt to take nifty above 5338 and 5378 in next couple of sessions.On downside,breach of 5169 will open up risk of 5086/5026 levels.

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