NIFTY TREND FOR 11/04/2012
Major Resistance Levels : 5283-5302-5327
Major Support Levels : 5197-5172-5153
Short / Middle Term Target : 4950-5010
Nifty closed in a neutral zone. After opening moves only, we can predict about the market tomorrow.
USDINR APRIL TREND
Major Resistance Levels : 51.83-51.98-52.25
Major Support Levels : 51.41-51.14-50.99
Nifty ( Closing ) : 5243.60
Nifty ended on a flat note with the increase of 9 points today. Our first support level, 5212 drew today's low.
Market accepted mixed emotions today. Most of the European indices closed in red in their last trading session. It prevented Indian indices from going upward.
On the other hand, FMCG stocks performed very well as they expect a good mansoon this year.
Anyway, traders should be vigilant about the fact that continuous depreciation of Indian Rupees. It lost .48% in a single trading session today.
GOOD LUCK.....
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