Friday, May 11, 2012

Stock market trend |Nifty levels for tomorrow 14

Stock market trend :- stock market closed at red as last 4 weeks,following the weak IIP data and weakness in indian Rupees.In that weakness global cues also contribute.the Nifty's closing below the 5000 level four days in a row was worrisome. The Nifty closed at 4,928.90, down 36.80 points, or 0.70 percent. It touched an intraday high of 4,976.25 and a low of 4,906.15.For monday stock market have weak setiments. 
Nifty support and resistance level :- For Monday nifty has support level at 4867/ 4711 and resistance level at 5023/5179 and pivot level at 4962.