Monday, April 16, 2012

17/04/2012 Trading Views

Nifty made a low of 5183 high of 5233 and closed at 5226 which is 18 points up from previous close.

5183 will be a good support and 5286 will be a good resistance.

As today is the RBI's Monetary policy announcement for the current fiscal year this announcement will decide the trend of the market.

Any move above above 5300 will take the Nifty towards 5600.
Any move below 5100 will take the Nifty towards 4900.

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