NIFTY TREND FOR 09/04/2012
Major Resistance Levels : 5357-5373-5390
Major Support Levels : 5288-5271-5255
Short / Middle Term Target : 4950-5010
Nifty is neutral now. So, decision should be taken only after the opening session. The initial period will draw the trend for the day on Monday.
USDINR APRIL TREND
Major Resistance Levels : 51.55-51.74-51.99
Major Support Levels : 51.11-50.86-50.67
Nifty ( Closing ) : 5322.90
Nifty decreased 0.66% today. Nifty moved in a small range of 33 points today ( High : 5338 & Low : 5305 ). NSE has four consecutive holidays from tomorrow. So, traders were not willing to hold any long / short positions. It made Indian markets uncertain today.
The weak trend in European market affected Indian market too. Depreciation of Indian rupees was the another reason for weak market.
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