NIFTY TREND FOR 13/04/2012
Major Resistance Levels : 5317-5336-5361
Major Support Levels : 5233-5208-5189
Short / Middle Term Target : 4950-5010
Nifty couldn't get any specific trend. Hence, prediction about 'the movement pattern of nifty' can be traced only after opening tomorrow.
USDINR APRIL TREND
Major Resistance Levels : 51.83-51.94-52.12
Major Support Levels : 51.54-51.36-51.25
Nifty ( Closing ) : 5276.85
Nifty closed with gains of 50 points today. Global markets closed in mixed range. Asian & American markets closed in green, while, some of European markets closed in red.
Global manufacturing output growth declared at 4.1% which is below the expectation level. It was 6.7% in the same month last year.
After three consecutive selling sessions, FIIs drew their net value 135.98 Crs. positively. It means that it was the only day showed positive net value for FIIs this week. If FIIs sell their positions, Indian market will take much more time to withstand the situation. They sold for 1044 Crs this week and bought positions for 136 Crs today.
GOOD LUCK.....
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