MARKET TREND FOR 4 JUNE 2012
The Indian market slipped in late afternoon trade after European markets turned negative. The Nifty was dragged down by rate sensitives, commodities and technology stocks, whereas midcap infra & textile shares pulled down the broader markets. The nifty was down by 86 points at the end of the day.
There is every likelihood that we would open around the
4850-mark for the Nifty. The most crucial level—immediately, on the downside—would
4833.
On the downside, the level of 4883 needs to be defended at all costs on closing price basis—any failure to do so would even put the 4810-mark under threat as well. Going further down, we have support at 4800.
On the downside, the level of 4883 needs to be defended at all costs on closing price basis—any failure to do so would even put the 4810-mark under threat as well. Going further down, we have support at 4800.
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NIFTY LEVELS FOR TOMORROW
RESISTANCE1
|
4880
|
SUPPORT1
|
4820
|
RESISTANCE2
|
4930
|
SUPPORT2
|
4790
|
RES
ISTANCE3
|
4980
|
SUPPORT3
|
4730
|
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