NIFTY TREND FOR 28-05-2012
Major Resistance Levels : 4954-4977-5004
Major Support Levels : 4879-4852-4829
Nifty ( Closing ) : 4920.40
Nifty closed on a flat note on Friday. The closing range is exactly in neutral zone.
Depreciation of Indian Rupees was the major crisis for Indian markets. But, Rupees started to gain its strength last trading sessions as the exporters began to sell dollars. It will help to make good gain in Indian markets.
Besides, Indian markets were over sold. A strong correction can be expected in near future. Over and above, charts also reveal that Nifty may touch 5100-5150 level on short / middle term basis.
GOOD LUCK......
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