Nifty trend 01 02-2013 by ashishtrifid


									Markets opened on a flat note and slipped lower towards their key support levels and finally ended in
negative terrain. Nifty future was able to close above its strong support of 6000 on F&O Expiry. Profit
booking is seen on highs and once it breaks the 6000 mark and gives closing below 6000 then index
may trade in the support range of 5950-5920 while it is constantly resisting strictly in the range of


SUPPORT : 6000 & 5960
RESISTANCE: 6080 & 6120

Major Market News:

        Sensex down 91 points; Metal, IT drop.

        PNB thrills mkt, posts 14% profit growth on low provisions.

        ICICI Bank Q3 profit rises 30% on higher NII & other income.

        Vedanta Resources Q3 revenue up 7% at $3.5 bn.

        Union Bank net profit up 37% on lower provisioning.

        Bharti Infratel Q3 net up 31% to Rs 254 cr.

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