Nifty trend 18 01-2013

							Markets continued its firmness and rallied towards higher levels for the whole session and were able
to close on a strong note. Nifty future in the opening trade made a dip of its support level of 6000 but
for the whole session it maintained on higher levels and lead towards important resistance of 6070.
On daily charts, 6100 is still acting as resistance surpassing which nifty will lead towards higher highs
while 5960 is major support for it.

TREND: SIDEWAYS

SUPPORT : 6000 & 5960
RESISTANCE: 6100 & 6140

Major Market News:

        Nifty trades up 35 points; Oil & Gas, Realty lead.

        European markets down on corporate worries, growth outlook.

        Hero Moto Q3 profit misses forecast, down 20.4% to Rs 488cr.

        HCL Technologies Q2 profit rises 68.4 per cent to Rs 965 crore, beats estimate.

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