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Intraday Market Trend 07-01-2013

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Intraday Market Trend 07-01-2013 Powered By Docstoc
					Markets were able to settle the week above their key levels while had a flat closing on Friday
continuing its bull rally. Since last three sessions Nifty future is finding strong support around 6000
and it is expected to continue its bull rally if it maintains above this level and 6100 is seen as next
important resistance for it. If it sustains below 6000 then support range is seen around 5960-5920.

TREND: SIDEWAYS

SUPPORT : 6000 & 5960
RESISTANCE: 6100 & 6140

Major Market News:

       Nifty closes week above 6000; oil & gas lead from front.

       DLF slips 2% as CCI modifies builder-buyer agreement.

       Sobha Developers reports Rs 5.33 bn in sales for Q3.

       Sebi rejects 149 consent pleas; 16 from RIL group.

       Suzlon Energy gains over 2% on approval of CDR package.

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