NIFTY TREND FOR 21-06-2012
Major Resistance Levels : 5152-5175-5195
Major Support Levels : 5085-5065-5041
Short / Middle Term Target : 4880-4915
Market could make to complete a circle and it turned into bearish zone by closing. Most probably, a fall can be seen tomorrow ( sometimes it may be a heavy fall ).
Nifty ( Closing ) : 5120.55
Indian markets were traded in a small range of 41 points today. Although it was positive most of the trading hours, it couldn't take strength today.
FOMC ( Federal Open Market Committee ) meeting is being conducted in US now. This meet will present monthly report regarding credit and liquidity programs. The reports from the committee will lead global markets tomorrow. There is a good possibility for a bad data. If it is so, Indian markets too will fall tomorrow.
Monsoon have not strengthened yet. It shares the worries to agricultural sector of the soil. If it continue so, it will make strong negative impact on Indian markets.
GOOD LUCK........
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