Nifty Trend 29-01-2013 by ashishtrifid


									Markets had a choppy session ahead of RBI monetary policy and closed unchanged with negligible
movements in the entire session. Nifty future is constantly witnessing profit booking around the
crucial resistance level of 6100. We need a closing above this key mark for continuation of bulls in the
coming sessions. Volatility is expected due Policy announcement. Resistance may be found in the
range of 6150-6180. Whereas, 5980 will be acting as strong support for the session.


SUPPORT : 6040 & 6000
RESISTANCE: 6110 & 6150

Major Market News:

        Sensex, Nifty languish in red; Hero, Wipro up nearly 2%.

        Adani Power Q3 loss widens to Rs 619 cr.

        Reliance Infra Q3 net surges 78% at Rs 728 cr.

        Ashok Leyland to sell stakes in subsidiaries to raise Rs 500 cr.

        Bank of India Q3 profit up 12% at Rs 803 cr.

        Adani Ports Q3 profit up 13% to Rs 361 cr; shares rise 4%

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