NIFTY TREND FOR 12/04/2012
Major Resistance Levels : 5282-5319-5355
Major Support Levels : 5171-5135-5098
Short / Middle Term Target : 4950-5010
Nifty closed at exact our second support level ( Ref: 'NIFTY WEEKLY TREND' published on 08/04/2012 ) today. Closing level of the day stands on a neutral zone. So, market for the next day can be predicted only after initial session.
USDINR APRIL TREND
Major Resistance Levels : 51.90-52.16-52.32
Major Support Levels : 51.48-51.32-51.06
Nifty ( Closing ) : 5226.85
Nifty closed today with mild loss. Afternoon session was leaded by fear as tsunami alert was given to the Indian coastal areas followed by earthquake in Indonesia.
Cement Manufacturers' Association declared that cement companies got 6% increase in their sales. Ironically, ACC & AMBCEMENT were the top most losers in NSE.
Indian rupees couldn't get relief from its depreciation.
Apex court allowed 3 months time to SEBI for taking the decision over the application from MCX-SX ( MCX Stock Exchange Limited. Now MCX-SX is associated with currency derivatives only.
GOOD LUCK.....
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