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Nifty trend 04-02-2013

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Nifty trend 04-02-2013 Powered By Docstoc
					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.

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