Nifty ( Closing ) : 5483.30
NIFTY TREND FOR 24/02/2012
Major Resistance Levels : 5538-5581-5614.
Major Support Levels : 5440-5407-5364.
Short Term Target : 5550-5565.
After some sideways movements, nifty closed at 5483.30 with slight loss. Realty stocks were the major losers today. Profit booking was the major cause for the fall today . Global market showed depression in the trading . Rising oil price was the another reason for the slight fall of nifty . Besides, it was settlement day for future and option contracts.
Nevertheless, FIIs' fund inflow remains in the same intensity . Though it gives confidence on Indian capital market, it evokes some kind of strain too as their huge profit booking can be cause for strong downwards rally of nifty.
GOOD LUCK...,
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