Nifty ( Closing ) : 5531.95
NIFTY TREND FOR 16/02/2012
Resistance levels : 5575-5606-5657.
Support levels : 5467-5416-5385.
Short Term Target for Nifty : 5583-5593.
Nifty made a great rally and marked 116 points increase and closed at 5531.95. It achieved our target of 5490-5530 which was made on 9 th February . TATAMOTORS declared a net profit of 41% to 3406 Cr in the third quarter. It could give strength to the market. Lion share of the sales were achieved from its Jaguar Land Rover model. On the other hand, CIPLA remained its position among the NSE Top 5 Losers in third consecutive trading session too.
Another significant fact is that Indian markets could gain very well in the context of depression in Asian markets today . It indicates the belief which get from domestic and foreign investors.
GOOD LUCK.....
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