Dhanvarsha crucial Nifty Futures Levels and market prediction

Today's levels..
<<<5356>>>><<<5397>>><<<5424>>><<<5449>>><<<5483>>><<<5505>>><<<5531>>><<<5548>>><<<5577>>>

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                                                                                Gap down opening  around  5400 is expected with extreme volatility and comparatively larger moves ahead. Major announcement which will turn Nifty direction will be RBI credit policy ...expectation is No change in interest rates ...reason again dilemma for policy makers... rate hike is necessary to cut demand but higher interest rates will have  worst effect on our industry out put... 

News clip

The latest tax numbers emanating from Mumbai, which accounts for the largest chunk of direct tax collections, are indicating a sharp impact on company bottom lines as margins have come under pressure due to rising input and oil costs as well as interest rates.

http://timesofindia.indiatimes.com/business/india-business/Tax-data-points-to-stress-on-India-Inc/articleshow/8870917.cmsSee analysed daily  Nifty analysed chart  .... FIIs activity here  

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