NIFTY TREND FOR 15-05-2012
Major Resistance Levels : 4967-5014-5053
Major Support Levels : 4851-4811-4767
Most probably, nifty may close in green tomorrow.
Nifty ( Closing ) : 4907.80
Nifty showed irregular movements upward and downward today. India's headline inflation recorded at 7.23% in April. It was figured at 6.89% last month. The increasing inflation pulled the market down.
Moreover, Indian markets affected negatively by the influence of world markets. All major European indices ( including DAX, FTSE & CAC ) showed 2-2.5% down in opening session. Besides, weak Asian markets could make negative impact on Indian markets.
Nevertheless, Nifty closed with mild loss of 21 points. All the indigenous and foreign factors were against the Indian markets. But, nifty could prevent a heavy fall today. It shows the strength of nifty this level. It may come further down. Anyway, there is very very less chance for closing nifty in red tomorrow.
GOOD LUCK......
No comments:
Post a Comment