Nifty trend 22 01-2013 by ashishtrifid

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									Markets opened near to their crucial levels and were able to remain on higher levels for the whole
session finally closed on a strong note. Nifty future is constantly facing strict resistance around 6100
and 6150 is seen as near term resistance where profit booking may be seen on higher levels. Positive
sentiments may continue if global markets continue to show similar strength. On lower side, support
is seen in the range of 6050-6000.

TREND: SIDEWAYS

SUPPORT : 6050 & 6000
RESISTANCE: 6150 & 6200

Major Market News:

        Sensex ends up 63 points above 20100; RIL, BHEL rally.

        NTPC Q3 profit rises 21.9%, beats estimates.

        HDFC standalone Q3 profit grows 16.2% missing forecast.

        SpiceJet turns profitable in Q3, shares rally over 5%.

        Cement companies under pressure as Ultratech PAT disappoints.

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