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Nifty Trend 31-01-2013

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Nifty Trend 31-01-2013 Powered By Docstoc
					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.

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