NIfty Outlook 12th Mar

Nifty finally breached the barrier of 5145 and hit the high of 5160 in the last 15 minutes of trade partly owing to short covering and partly owing to fresh enthusiasm.

Well if Nifty manages to close above 5145 mark even today then we may see fresh push to the higher side till 5185 and 5202 levels.

We still suggest traders to go short in Nifty with SL of 5185 on closing basis to see lower levels.

Important Nifty Levels for 12th Mar
Nifty Pivot	5141
Support
5133	5102	5081
Resistance
5162	5185	5204