NIFTY TREND FOR 25-05-2012
Major Resistance Levels : 4971-5011-5076
Major Support Levels : 4841-4776-4736
Nifty ( Closing ) : 4921.40
Nifty kept an increasing trend immediately after opening session and it extended up to closing. All major indices were closed in green today.
Rupees opened at 56.20 against dollars and showed low at 56.38 today. But, Rupees could close at 55.64, a strong level. The strengthening of Rupees helped the nifty to gain 86 points by closing.
Moreover, markets got good short-covering as they were oversold last days. Nifty may go up in coming market days.
GOOD LUCK.......
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