NIFTY VIEW for 2012

NIFTY (4624) - In 2011, It was down by 25% and almost closed lowest point.

Now what is in 2012 ?

In any rally it face hurdle at 4950-5050

and above that  5400-5500

and now Downside target  3800-3700

In between support 4410 & 4040.

In short, the levels are :

5500-5400 < 5050-4950 <> 4410 > 4040 >> 3800-3700