NIFTY TREND FOR 30/03/2012
Major Resistance Levels : 5220-5244-5278
Major Support Levels : 5130-5096-5072
Short/Middle Term Target : 4950-5010
Market is bearish. Please avoid long ( buying ) positions tomorrow .
USDINR APRIL 2012
Major Resistance Levels : 51.85-51.99-52.26
Major Support Levels : 51.44-51.17-51.03
Nifty ( closing ) : 5178.85
Nifty closed slightly down with 16 points loss. Nifty was weak in the morning session. Then, it took well support at our first support level, 5150 and recovered some points by the evening.
IT stocks were the biggest losers today as US increases the cost of H-1B visa. Besides, future and option settlement made the market down.
Asian , European and American markets showed a down trend in their last session of trade. It affected Indian market too.
FIIs invested in Indian capital market for 1982 Crs last week and 44686 Crs this year. Nevertheless, they sold for 1333 Crs today in a single session. If they start to withdraw their funds, Indian stocks will face a remarkable depreciation as they hold positions for a huge amount.
GOOD LUCK.....
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