Nifty
Trend : Indian government's not taking proper economic measure is
resulting in uncertainty in market. On the other hand poor
performance by the Indian rupee due to absence of proper actions by
the government and also Euro causing equal challenges for Indian
economy. If Euro gets reduced as currency than it may create problem
for Indian economy and also pressure on Indian Rupee. The
responsibility of government is to manage our currency well. If
proper measures are taken to manage our currency than our economy and
markets will ultimately give good results.
Any
good news in the economy and smart decisions taken by government can
result Nifty to trade in range of 5,000-5200. More corrections can
help Nifty cross the 5200 levels and can head in direction of 5300
and 5350. But if anything wrong happens markets might go down around
4850 and 4900 levels. So experts believes that Investors and traders
should be very watchful at this point of time and keep eyes on
government decisions and further take steps.
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