NIFTY TREND FOR 25-06-2012
Major Resistance Levels : 5183-5212-5251
Major Support Levels : 5091-5052-5022
Short / Middle Term Target : 4880-4915
Nifty is at an over bought position. Despite of all negative news, Indian markets stand stable. But, it is manipulated related to futures and option monthly settlement date is very close. It may collapse at any time.
Finance Minister, Mr. Pranab Mukherjee, declared that some crucial decisions for strengthening India's economy will be declared tomorrow. The steps will be implemented with the co - operation of RBI. He will resign the from the central ministry for the candidacy of presidential election.
Mr. Pranab Mukherjee had discussed with Finance Secretary, R. Gopalan & RBI Governor, D. Subba Rao on Friday.
Mr. Pranab also admitted that Indian economy faces pressure from inflation and depreciation of Indian Rupees. It is a fact that there are some depressions in Indian economy. Also he stated that he has some worries, but not desperate.
Ironically, Indian capital market traders dont worry regarding the negative financial impact of the country even as much as its Finance Ministry. Anyway, market may affect strong correction.
GOOD LUCK........
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