NIFTY TREND FOR 17-06-2012
Major Resistance Levels : 5240-5279-5300
Major Support Levels : 5165-5143-5107
Nifty closing may be in green tomorrow.
Nifty ( Closing ) : 5197.25
IT stocks pulled the Indian markets down. INFOSYS traded today at 52 week low.
Worries regarding the availability of monsoon makes the market sacred. If the monsoon is not good, it will affect the agricultural sector of the country and it may lead to the inflation.
If it happens so, RBI wouldn't be able to cut interest rates. The rate policy will be declared on 31 July.
Though the days of tough markets are ahead, nifty may close in green tomorrow.
GOOD LUCK........
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