NIFTY TREND FOR 04/04/2012
Major Resistance Levels : 5396-5414-5431
Major Support Levels : 5325-5308-5290
Short/Middle Term Target : 4950-5010
Nifty is neutral now. Most probably, it may turn as bearish at the trading session tomorrow. So, long positions are not advisable for the trade tomorrow.
USDINR APRIL TREND FOR NEXT TRADING SESSION :
Major Resistance Levels : 51.10-51.20-51.37
Major Support Levels : 50.83-50.66-50.56
Nifty ( closing ) : 5358.50
Nifty increased 40 points today. Both FIIs and DIIs drew a positive net value for the day ( 332.47 Crs. & 200.28 Crs. rupees respectively. Indian market absorbed strength from global markets.
Nonetheless, India's trade deficit marked at $15.2 billion in February. Exports gained $24.62 billion with a slight growth of 4.28%, whereas, imports hiked by 20.65% to $39.78 billion. It may make some negative impact on Indian economy and Indian capital market. So, traders should take wise approach to withstand the situation.
GOOD LUCK.....
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