NIFTY 50 future TRENDS

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I don't know up to what level it pulled back i logged out early
final closing shows 5064.... it is at the danger zone now... only trades above 5118 will get back its life let us see what unfolds tomorrow
It is week closing as per technical's..
Do Any One Fallow WEEKLY LEVELS !!


Spot Nifty Weekly
5,361- 5,295- 5,230- 5,206- 5,183- 5,141

PIVOT--5,099

5,075- 5,052- 5,010- 4,968- 4,902- 4,837

Thnx Mano ji and I do. Nifty did go past 5070 but just and then came back so can not say this a brkout. It close 5064 which is near the EMA(10,1wk) in chart.
 
Nifty Spot managed to close at 50% retracement 5138 just for one day and back to 38.2% 5052.... tomorrow watch this level 5052 for break down and 5098 break out (5098 is Daily and weekly Pivot for tomorrow.)
FIBO levels:
Manoharbhai, the chart is yesterday's ??
 
Manoharbhai, the chart is yesterday's ??
Yes TP but the Fibo levels are calculated from high low of 5508 and 4770

Below are FIBO levels as per to day's High and low at 4770

Upper Value 5190
61.8% Retracement Level 5029.56
50.0% Retracement Level 4980
38.2% Retracement Level 4930.44
23.6% Retracement Level 4869.12
Lower Value 4770
 
Fitch Revises Indias Outlook to Negative; Affirms at BBB-
It is a package deal !

Fitch Ratings has revised the Outlooks on the Long-Term (LT) Issuer Default Ratings (IDRs) of seven Indian state-owned enterprises (SOEs) to Negative from Stable and affirmed the ratings.

The Outlook revision follows Fitch's revision of the Outlook on India's LT Foreign- and Local-Currency IDRs to Negative from Stable (please see rating action commentary dated 18 June 2012). This is because the IDRs of Fitch-rated seven SOEs are either equated to the sovereign's or their stand-alone credit profiles are currently at, or constrained by, the sovereign's IDRs as per Fitch's Parent and Subsidiary Rating Linkage methodology.

The ratings of Rural Electrification Corporation Limited (REC), Power Finance Corporation Limited (PFC), GAIL India Limited (GAIL) and Indian Oil Corporation Limited (IOC) are equalised with those of the sovereign. The ratings of NTPC Limited (NTPC), NHPC Limited (NHPC) and Steel Authority of India Limited (SAIL) are assessed on a bottom-up basis.

A full list of ratings is provided below:

REC: Long-Term Foreign- and Local-Currency IDRs and senior unsecured rating affirmed at 'BBB-'; Outlook on the IDRs revised to Negative from Stable

PFC: Long-Term Foreign-Currency IDR and senior unsecured rating affirmed at 'BBB-'; Outlook on the IDR revised to Negative from Stable

GAIL: Long-Term Foreign-Currency IDR affirmed at 'BBB-'; Outlook revised to Negative from Stable

IOC: Long-Term Foreign-Currency IDR and senior unsecured rating affirmed at 'BBB-'; Outlook on the IDR revised to Negative from Stable

NTPC: Long-Term Foreign-Currency IDR and senior unsecured rating affirmed at 'BBB-'; Outlook on the IDR revised to Negative from Stable

NHPC: Long-Term Foreign- and Local-Currency IDRs affirmed at 'BBB-'; Outlook revised to Negative from Stable

SAIL: Long-Term Foreign-Currency IDR affirmed at 'BBB-'; Outlook revised to Negative from Stable
 
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