The NSE Nifty may open flat and likely to move in a tight range

The NSE Nifty may open flat and likely to move in a tight range

Wednesday, March 21, 2012

US Stocks tumbled Tuesday as investors fell jittery over the China's Economic Growth. European Stocks too incurred losses on fresh worries over Economic Slowdown in China.   The NSE Nifty may open flat and likely to move in a tight range between  the critical support at 5248 and the first resistance at 5304.Thereafter if the index sustains above 5304,the rally can extend towards the major resistance at 5338.However,  after the initial consolidation if the benchmark loses its critical support at 5248,it can drift down towards the first support at 5231 and lower to which the major support at 52...

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