NIFTY TREND FOR 04-07-2012
Major Resistance Levels : 5325-5354-5378
Major Support Levels : 5252-5225-5198
Nifty couldn't take any direction from its present crucial level ( Upper Bollinger Band Area ). If it gets strength from here, it will reach 5400-5430 range. Otherwise, it may touch 4880-4915 range. So, traders have to be careful tomorrow.
Nifty ( Closing ) : 5287.95
Nifty closed on a flat note today. It moved comparatively low range of 51 points today. Volatility decreased 2.36% and India VIX closed at 18.56.
Global markets were up today. No major index showed its closing in red among Asian, American and European markets. It helped Indian markets to retain from a fall last trading hours.
Moreover, Indian Rupees showed strength today. It closed at 54.37, strong level. Currency trading speculators expect strong decisions from government.
It was the third consecutive day today in which FIIs made huge investment. Net buy marked at 590 Cr today. They invested 4225 Cr in three trading sessions whereas DIIs sold for around 1250 Cr.
GOOD LUCK......
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