NIFTY NEWS 16-NOV-2011 Nifty future closed at 5078.20 losing 83.35 points. We saw heavy selling and it touched a low of 5063.75. Finally, nifty settled around 5080 support level. 5030 is seen as its important support while further weakness will lead nifty future towards 4970 levels. On higher side, 5175 will act as strong resistance for it. more info click NIFTY TIPS

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forex tips :- AUD/USD extends decline to 2-day lows The Aussie remained under pressure on Tuesday and edged closer to 1.0100 versus the Greenback as investors continued to get rid of risky assets in benefit of the US Dollar amid mounting concerns over the euro zone debt crisis. AUD/USD dropped more than 100 pips from its Asian session high of 1.0224, sliding toward a 2-day low of 1.0111 before recovering somewhat. At time of writing, AUD/USD is quoting at the 1.0130 area, where it is 0.7% below its opening price, having lost nearly 210 pips so far this week. EUR/USD headed to 1.3500 The EUR/USD has fallen strongly since the beginning of the day, losing 130 pips until testing a new 3-day low, 1.3510, in direction to 1.3500. The pair continues trading under the debt crisis context and is quoting..
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