NIFTY TODAY : EPISODE 76

NIFTY TREND FOR 02/04/2012

Major Resistance Levels : 5344-5392-5458
Major Support Levels : 5250-5212-5146
Short / Middle Term Target : 4950-5010

There is too less chance to close market in green on Monday . Sometimes, there may be a heavy fall in nifty. So, long positions are not safe on Monday.

TREND FOR USDINR APRIL 2012

Major Resistance Levels : 51.55-51.86-52.08
Major Support Levels : 51.02-50.80-50.49

Nifty ( closing ): 5295.55

Indian indices showed strong upward trend today. Nifty gained 2.25% and closed at 5295.55. Indian rupees showed firmness today. It helped the market for getting support. Besides, short covering has been seen today. It brought some recovery in the beginning session.

Next, The Indian Finance Minister, Mr. Pranab Mukherjee, declared that P-Notes ( Participatory Notes ) would be free from taxation. It helped to get strength in IT stocks today.

GOOD LUCK.....