Monday, March 14, 2011

NIFTY TREND & TIPS 14th March

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The markets exhibited range-bound movement for most part of the week as they came to terms with continued unrest in West Asia and high crude oil prices. Further, the massive earthquake on Friday jolted the sentiment to an extent. The Sensex recovered from a low of 18,059 and touched a high of 18,583 — up 525 points from the early week’s low. However, the markets slipped back towards the end of the week and the Sensex eventually ended with a loss of 312 points at 18,174.

NIFTY TIPS FOR TODAY 14th march
Action                       Price       Stop loss    Target 1    Target 2
SELL ABOVE         5480        5500          5400          5315 

NIFTY SUPPORT & RESISTANCE LEVELS 14th March
SUPPORT1                    SUPPORT2
5400                                 5315

RESISTANCE1            RESISTANCE2
5495                                5544

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