NIFTY TREND FOR 23-08-2012
Major Resistance Levels : 5435-5456-5476
Major Support Levels : 5394-5372-5353
RSI stands still at over bought region, while, MACD shows bullish trend. Most probably, Nifty may close in red tomorrow and it may touch 5372.
Nifty ( Closing ) : 5412.85
European markets closed with 1-1.5% loss today due to the worries regarding the meeting between Greek Prime Minister and Eurogroup head today. It prevented Indian markets too from further gaining.
Volatility was down today. India VIX closed at 16 with 1.84% loss.
GOOD LUCK........
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