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Nifty trend 08 02-2013

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Nifty trend 08 02-2013 Powered By Docstoc
					Markets showed positive movements after gap down opening but still unable to break its resistance
level of 6000, profit booking witnessed around this resistance with high volumes, found support around
5930. Now, if nifty breaks this support then next important support is seen around 5865. For higher level
6000 is act as crucial resistance for it only above this we expect some correction in it and may find next
resistance around 6050.

TREND: SIDEWAYS

SUPPORT : 5920 & 5865
RESISTANCE: 6000 & 6050

Major Market News:

        Sensex, Nifty down 0.4% on weak GDP forecast.

        Apollo Hospitals Q3 net profit up 25% to Rs 81 crore.

        NTPC OFS subscribed 1.7 times; stock ends 2.7% lower.

        ACC’s Q4 net down 46% on higher finance, raw material cost.

        Higher costs drag Jyothy Labs Q3 net down 10% to Rs 26cr.

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