Markets are constantly moving in the tight consolidation range and are not able to give a decisive breakout on either side. Nifty future ended the F&O Expiry week near to its major support level of 6000. It is facing resistance around 6080-6100 on a regular note and slips below towards support thereafter. Further, bearishness may be seen if it holds in the range of 6000-5970 for the coming session. While 6120 is the major resistance ahead. TREND: SIDEWAYS SUPPORT : 6020 & 5970 RESISTANCE: 6080 & 6120 Major Market News: Nifty threatens to breach 6K; JP Asso, DLF fall 4%. Bharti Q3 profit falls 61% QoQ to Rs 284 cr; shares drop. BHEL Q3 disappoints, net slips 18% to Rs 1182 cr; shrs fall. Maruti Suzuki Jan sales down 1% at 1.14 lakh units. Hyundai Motor India total sales up 4% in Jan. For more info click here Stock Tips Commodity Tips
"Nifty trend 04-02-2013"