Nifty Outlook For Tomorrow 12 Oct

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The markets traded good with significant gains in the morning session but came down sharply in the afternoon to close in negative. For coming trading sessions good support exists at 4,750 level, below which Nifty is likely to test the levels of 4,675 and then 4,600 levels. On upside level of 5,200 is acting as a strong resistance.

For intraday trading tomorrow, we can see 4925 as the immediate support level. On higher levels, 5025 is the immediate resistance for Nifty and any gains above these levels are likely to face stiff resistance at 5080-5130.

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