Nifty trend 06 02-2013

							Markets opened with negative biasness and then showed range bound movements.Nifty future was
unable to break its resistance level of 6010 and closed below this. Nifty showed correction after
opening of European market but not sustain on higher level. Now, if it able to sustain above 6010 then
we can see some strength towards next resistance level of 6050. 5960 is seen as immediate support
for it below this bears may active and find next support around 5900.

TREND: SIDEWAYS

SUPPORT : 5930 & 5875
RESISTANCE: 6010 & 6050

Major Market News:

        Sensex, Nifty down 0.4%; Consumer Durables, FMCG fall.

        UCO Bank tumbles 5% as Q3 profit drops 69.2%.

        Kingfisher Airlines loses Rs 755 crore in Q3 as planes sit idle.

        Jindal Stainless Q3 net loss widens to Rs 257 cr.

        United Spirits Q3 net up 71 pc at Rs 81 crore.

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