NIFTY TREND FOR 29-05-2012
Major Resistance Levels : 5024-5050-5090
Major Support Levels : 4932-4891-4865
Nifty ( Closing ) : 4985.65
Nifty gained 65 points today. Bank stocks showed a strong upward movement. SBI performs very well even a week after the declaration of result.
On the other hand, fuel companies performed a bad performance today as the ministry stated that Diesel, LPG & Kerosene prices wont increase soon. But, it is good for decreasing the inflation.
Anyway, nifty moves towards our short / middle term target, 5100-5150 range.
GOOD LUCK......
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