Markets traded with cautious sentiments ahead of F&O expiry and settled on a flat note holding above their crucial levels. Nifty future on daily charts as per its Rising Wedge pattern indicates a reversal signal. Selling pressure may be seen if it sustains below 6000. If it surpasses this key support then support is seen in the range of 5950-5920. On higher side, 6120 is seen as strict resistance for the index. TREND: SIDEWAYS SUPPORT : 6030 & 5990 RESISTANCE: 6120 & 6170 Major Market News: Sensex ends tad higher ahead F&O expiry; Realty up 1.4%. Reliance raises USD 800 mn via 5.875% perpetual notes. Central Bank Q3 profit surges 59%; NPAs surge. Indian Overseas Bank Q3 profit up 7.6%; NPAs jump. Titan Inds Q3 profit climbs 24.3% led by revenue growth. For more info click here Stock Tips Commodity Tips
"Nifty Trend 31-01-2013"