Nifty ( Closing ) : 5359.35
NIFTY TREND FOR 05/02/2012
Major Resistance Levels : 5409-5446-5487.
Major Support Levels : 5307-5266-5229.
Short / Middle Term Target : 4950-5010.
Nifty closed on a flat note today . It showed high at 5393 which was very close to our first resistance level for the day ( 5387 : Ref. NIFTY TODAY : EPISODE 55 ) and closed at 5359.35 with an increase of 0.37%.
Realty stocks were the losers of the day. DLF was the top loser in NSE. It happened due to the worries regarding the company's financial status .
Investors are much concerned about U.P. election result as well as budget . So, they would be reluctant to have new positions .
It is a wise approach to avoid fresh positions on Monday as the market is uncertain and bearish .
GOOD LUCK.....
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