NIFTY TREND FOR 31-05-2012
Major Resistance Levels : 4986-5011-5025
Major Support Levels : 4921-4906-4881
Market is clearly bullish . But, there may be seen some uncertain moves as future and option settlement date comes tomorrow.
Nifty ( Closing ) : 4950.75
Nifty lost 39 points today. European and Asian markets showed poor performance today. Most of them were down by 1% or above. It brought depression in Indian markets too.
Moreover, Indian rupees couldn't get stability today. Although it marked 55.15, it couldn't stay there. It also affected Indian markets negatively.
Over and above, market showed uncertain and irregular moves due to the closeness of future and option settlement date. Anyway, market may move upward , since it is bullish.
GOOD LUCK........!
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