NIFTY TREND FOR 25/04/2012
Major Resistance Levels : 5260-5283-5315
Major Support Levels : 5174-5139-5121
Nifty is at neutral zone . Hence, positions should be taken only after getting instructions tomorrow.
Nifty ( Closing ) : 5222.65
Nifty got a mild gain today. European markets' weakness prevented Indian markets from upward movement.
IT stocks were the major gainers of the day. This sector was in a depression which associated with bad performance of INFY.
Another remarkable issue of the day was huge negative net positions of FIIs. It marked -861 Crs in i single day. This trend was strange for market this year. It should be treated very seriously along with the continuous depreciation of Indian Rupees.
GOOD LUCK.....
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