NIFTY TREND FOR 29-06-2012
Major Resistance Levels : 5176-5191-5210
Major Support Levels : 5117-5095-5080
Short / Middle Term Target : 4880-4895.
Nifty may close in red tomorrow.
Nifty ( Closing ) : 5149.15
Ironically, Nifty closed on a flat not despite of high volatility. The worries regarding European leaders' summit. They are already divided according to their views and opinions. Anyway, European indices closed in negative zone. It means that they dont have an optimistic approach on their own market.
Indian Rupees depreciated against dollar. It was the another reason for fall in capital market.
RBI chairman, Mr. Pratip Chaudhary, declared that they cut interest rates by 50 basis points for exporters. It can evoke positive impact on Indian markets.
GOOD LUCK........
tinku nifty above 5230. exit shorts ????
ReplyDeleteNIFTY TOUCHED UPPER BOLLINGER BAND. ITS A CRUCIAL LEVEL NOW. IF NIFTY TAKE STRENGTH HERE, IT MAY GO UP. OTHERWISE IT MAY TOUCH LOWER BOLLINGER BAND LEVEL, 4880-4915.
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