NIFTY TREND FOR 13-07-2012
Major Resistance Levels : 5267-5294-5314
Major Support Levels : 5203-5183-5159
Nifty ( Closing ) : 5235.25
INFOSYS reported a disappointing result at 9 am today. Moreover, INFOSYS chairman announced that their guidance wont published from next quarter. It pulled the Indian markets down in the opening session itself. By 11 am, IIP data was declared at 2.4% for the month, May. It was reported at 0.1% for previous data. But, Indian markets couldn't withstand the selling pressure today.
Both, European and Asian markets were down. It affected Indian markets negatively.
TCS declared a 38% rise in its fiscal first quarter profit beating market expectations.
GOOD LUCK.......
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