Today's Nifty Trend : 16th March 2012 -To bring bullish sentiment today Nifty needs to sustain above level of 5450. The market is likely to stay in a range with 5200 on the downside and 5500 on the upside. The level of 5180 is strong support and the Nifty is unlikely to breach it on the downside.
The Targets for Nifty are 5630, 5920. Resistance Levels for Nifty are 5460, 5500, 5550 while Support Levels are 5200, 5080, 4960. The market breadth was in favour of advances; about 702 shares advanced while 346 shares declined on the National Stock Exchange.
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