Nifty Outlook ~ Intraday Stock Tips for Tomorrow 21 March 2012

Going forward Nifty is having resistance at 5,303 and 5,332 while the support is there at 5,239 and 5,204. It is very likely that a bounce back may happen once Nifty test its crucial support of 5,171. Nifty has taken support at its 50 dma. Further, recently 50 dma has crossed 200 dma giving a golden crossover. This is a bullish indicator for the long term. Nifty (spot) has supports at 5,240 and on the upside resistance lies at 5,360 levels.