Nifty Trend 25-01-2013

							Markets opened with negative sentiments and fell towards its major support level but recovered after
the positive European opening. Nifty future took a strong pull back from its crucial point of 6030
towards the immediate resistance of 6060. However, index could not hold on higher levels and closed
in red territory. Overall, nifty will remain upside till it maintains above 6000. While 6110 is still acting
as important resistance and 5950 as major support.

TREND: SIDEWAYS

SUPPORT : 5990 & 5950
RESISTANCE: 6070 & 6110

Major Market News:

        Sensex ends down over 100 points; Tata Motors, GAIL plunge.

        Andhra Bank Q3 profit down 15% to Rs 257cr.

        L&T net up 13 pc to Rs 1,121.75 cr in Oct-Dec.

        Tata Motors tumbles 7% on JLR margin warning.

        IVRCL plunges 20% on corporate governance.

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