17/07/2012
Nifty closed on a t bear note at 5197.Nifty remained under selling pressure inline with global markets and after IT major Infosys revised downwards both earnings and revenue growth
So today the first resistance for nifty is at 5233 level. Next resistance levels are at 5267 and 5288 levels.
downside first support is at 5176 level. Next supports are at 5155 and 5120 level.
level 5155 have a strong support its 50 ema support too.
Now, moving forward, Nifty if holds on to support zone of 5212, it may show some bounce back to Immediate intraday resistance.
16 July 2012: PCR_OI:1.2 PCR:0.949 and Nifty future Premium: 9.6 Futures OI:23946600.0
Bajaj Auto Limited has reported a net increase of 15% in exports to 1.35 lakh units in the October, 2017 as against 1.17 lakh units in October,2016.
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