NIFTY TREND FOR 27-07-2012
Major Resistance Levels : 5107-5169-5204
Major Support Levels : 5002-4964-4905
Nifty closed very weakly below Bollinger lower band. MACD also indicates a bearish trend. On the other hand, RSI is at oversold zone.
Nifty ( Closing ) : 5043
After a long interval, Nifty moved a wide range in a single day ( 94 points ) today. All the sectoral indices were down today. Market knew a heavy selling pressure today.
Though most of the major global indices closed in green today. But, Indian markets couldn't get strength. F & O settlement made the market active. In this month, Indian markets couldn't make such a strong move as seen today.
GOOD LUCK........
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