NIFTY TREND FOR 17-03-2012
Major Resistance Levels : 5265-5284-5315
Major Support Levels : 5177-5146-5127
Nifty is at neutral zone. So, positions can be determined only after opening. RBI's annual credit policy may affect market tomorrow. It is expected that repo rate may cut 0.25%.
Nifty ( Closing) : 5226.20
Nifty gained 19 points today. Bank stocks were the gainers of the day. AXIS BANK, SBIN & PNB were placed among NSE top 5 gainers. RBI is about to declare annual credit policy tomorrow. Most probably, RBI will cut repo rates 0.25%. This expectation helped bank stocks to close with good gain.
INFY closed at 2369 with 1.40% loss and listed among the NSE top 5 losers fourth consecutive day today.
Inflation decreased slightly from 6.95% in March to 6.89% this month.
GOOD LUCK.....
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