Nifty Trend-30/01/2013

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					Markets cheered after RBI policy announcement and touched the crucial mark of resistance but could
not hold near this key level and dragged towards their support.Nifty future on daily charts is making a
wedge pattern which indicates certain correction if it falls below the key support of 6000. On higher
side, if it holds above 6120 then only we can negate the above technical view.

TREND: SIDEWAYS

SUPPORT : 6000 & 5950
RESISTANCE: 6120 & 6170

Major Market News:

        Sensex, Nifty end RBI policy day in red; HDFC Bk top loser.

        Crompton Q3: Analysts expect profit to fall 1% at Rs 76 cr.

        RBI repo, CRR rate cuts decoded.

        Dabur India Q3 profit up 22% to Rs 211 cr, shares fall.

        Sterlite Inds Q3 profit below forecast, up 30% to Rs 1191cr.

        Reliance Capital posts Rs 101 crore profit for Q3.

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