NIFTY TREND FOR 10-07-2012
Major Resistance Levels : 5307-5333-5353
Major Support Levels : 5246-5223-5200
Though Nifty closed with loss of 42 points, it remains at neutral zone now. Some important events may Indian markets like IIP data ( will be declared on 12th July ), quarter result of second largest company, INFOSYS ( July 12 ) and policy rates by RBI ( July 31 ).
Nifty ( Closing ) : 5175
Nifty closed in red with 0.79% loss today. Global markets could make influence on Indian markets too. US & Asian markets were down by 1% and European markets closed with slight loss.
Indian Rupees reached at a worse stage again at 56 level. It closed at 55.95 today.
FIIs drew a positive figure in their net trade. They bought for 253 Cr. today.
GOOD LUCK.......
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