Just a couple of days back, Infosys had disappointed the markets.
But now, with positive inflation numbers, fall in gold, crude and some other
commodities' prices, sentiment has turned around. The same has been
reflected in today's trade, with Nifty closing with strong gains.
If Reliance Industries Limited comes out with good Q4 numbers today,
the prevailing positive sentiment will receive a further boost causing Nifty to
possibly rally more in the coming sessions.
NIFTY 16-Apr-2013
ReplyDeleteCurrent Market Situation :
NIFTY current close : 5689
NIFTY resistance level : 5756
NIFTY support level : 5589
NIFTY sentiment : sideways
NIFTY dominant cycle period : 13 days
Levels Tomorrow :
NIFTY intraday resistance 1 : 5713
NIFTY intraday resistance 2 : 5740
NIFTY intraday resistance 3 : 5780
NIFTY intraday support 1 : 5665
NIFTY intraday support 2 : 5638
NIFTY intraday support 3 : 5598
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