Nifty Futures prediction tomorrow april 20 2012

Nifty Futures prediction tomorrow april 20 2012, Nifty tips tomorrow 4/20/2012, how will nifty tomorrow, nifty buy or sell, how the markets will perform tomorrow, April 20 2012 : Nifty managed to consolidate its gains today and ended at 5,332 with a gain of 32 points. Going forward as long as Nifty sustains above the level of 5,280 the upside momentum would remain intact. On the higher side we expect a test of 5,380 top 5,400 range.

However in an alternate scenario, if Nifty breaches the support level of 5,280 then it should be taken as first sign of weakness. The level of 5,200 is now an absolute important support for next couple of weeks. For the upside to remain intact Nifty should continue to trade above 5,200

Nifty is trading in 5,350-5,290 zone for consecutive 2 days. Decisive price action may be seen above 5350 levels or below 5270 levels. Volatility may be seen in 5,270-5,350 zone. For daily purpose, trend deciding level is 5,320. If Nifty shows strength above 5,320 levels, then rally to 5,350/5,400/5,460 may be seen. If Nifty does not show strength above 5,200 levels then selling pressure till 5,290-5,270/5,200 may also be seen

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