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Nifty Trend & Prediction for Monday 20th June 2011

Discussion in 'Stock Market News & Analysis' started by rohans305, Jun 18, 2011.

  1. rohans305

    rohans305 Member

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    It was not a good close for nifty at all, nifty suffered badly this week and fell inline with global cues as inflation occured heavy due to RBI's hiked interest rate of 25 bps, which made nifty nervous, pushing it down significantly and sell off in IT stocks due to fear of investors on RBI's interest rate.
    Yesterday Indian Benchmark Index Nifty also closed in red having loss of 30 points or 0.56% below from where it closed in previous session. The Nifty Index settled below 5400 and was down by 30.35 points.
    Today Nifty futures closed below 5400 and was down by -29.70 points or -0.55 %. As the market seems to be bearish in the coming trading session if it manages to trade below the support level of....read full post and related posts from Intraday Tips for Tomorrow

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