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Nifty for Today- Friday 17th June 2011

Discussion in 'Stock Market News & Analysis' started by rohans305, Jun 16, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:
    On Thursday, RBI hiked repo rate and reverse repo Rate, by 25 basis points and Nifty showed selling pressure for 2nd day and closed red, it shows that bears are having control at the moment. Sentiments may remain weak below 5,400 and some selling pressure may be seen today. Trend deciding level for daily purpose is 5,400. If Nifty shows strength above 5,400 levels, then movements to 5,450/5,500/5,540 levels may be seen. If Nifty does not show strength above 5,400 levels then selling pressure upto 5,350/5,300/5,250 may also be seen.....click here to read more post

    Source:- http://stock-intraday-tips.blogspot.com/

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