NIFTY TODAY : EPISODE 61

Nifty ( Closing ) : 5333.55

NIFTY TREND FOR NEXT MARKET
Major Resistance Levels : 5362-5382-5413.
Nifty Support Levels : 5293-5262-5242.
Short / Middle Term Target : 4950-5010.

Nifty opened with a hike and closed at 5333.55. Asian , European and American markets were up today . China showed a slowness in their inflation . It enhanced the Asian markets. Greece decided to receive € 130 billion aid package . It helped to strengthen European markets. Besides, 'good performance of dollar ' enabled American market effectively . All these reasons pull Indian market up with 2.17% increase .

We could a sentiment - based market today . Of course, there are some positive news from some parts of world. But, it is not related to our market directly . Although there is chance to CRR cutting by RBI, we have so many worries about our stability of government , increasing inflation , decreasing GDP and so on.
Over and above, there was low turnover in both equity and F & O. These were 12384 Cr. and 26000 Cr respectively. Even though volumes were less, Nifty showed a hike of 113 points. It implies the possibilities of manipulations behind the hike.

So, traders and investors should be careful. Please avoid long ( buying ) positions as the market is still bearish. Most probably , market will be down at closing of the next major trading session.

GOOD LUCK.....