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Monday, April 9, 2012

Nifty Range & Market Trend For 10 April

Stock Market Report Today, Gold Updates, Intraday Stock Tips For Tomorrow,  Shares To Buy/Sell Tomorrow, Nifty Outlook-Range, Trend, Levels For Tomorrow 10 April:- Today Nifty started gap down on weak global cues. It opened below 5300 and had a sudden decline. Throughout the day Nifty tried to gain pace but it was little and temporary and it again slipped down. The session turned volatile at the end as Nifty touched the intraday low of 5228, closing for the day near its lows with more than 1.5% losses. Almost all the sectoral indices closed down in negative.The Sensex closed at 17221 down 265 points and the Nifty closed at 5234 down 88 points. 

Nifty Range For Tomorrow 10 April: For the week if Nifty breaches 5200 then it would confirm further down side till 5050. On the higher side the level of 5360 would act as a stiff resistance for Nifty this week. We can expect considerable upside, even beyond 5400 only if Nifty sustains above 5360 this week. Our strategy this week would be to watch out for activity of Nifty near 5250 level. Tomorrow's levels will depend on the coming Q4FY12 and full FY12 results, Infosys results on 13th April.

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