NIFTY TREND FOR 10/04/2012
Major Resistance Levels : 5293-5331-5353
Major Support Levels : 5212-5190-5152
Short / Middle Term Target : 4950-5010
Nifty is clearly bearish now. It will remain below 5271. So, long ( buying ) positions are not safe tomorrow.
USDINR APRIL TREND
Major Resistance Levels : 51.58-51.74-51.83
Major Support Levels : 51.33-51.24-51.08
Nifty ( Closing ) : 5234.40
Nifty showed a virtual blood bath today. It lost 1.66% last trading session. Healthcare and Pharma stocks were the gainers today. Remaining all sectors closed in red.
Weak US employment data affected all the market and their indices. Asian, American and European markets showed a down trend last trading session. Now, the charts also claim for a bearish market. Inflation and politically weak government may pull the market further downwards.
GOOD LUCK.....
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