Nifty trend 11 02-2013

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2/10/2013
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							Markets experienced a volatile session and closed on a disappointing note below their key support
levels. Nifty future closed below the upward channel pattern on daily charts indicating a confirmation
towards bears. For the coming session, 5900 will act as crucial mark for the index. Now, immediate
support is seen in the range of 5860-5830. Now, strength can now only be said if it holds above the
level of 5975.

TREND: SIDEWAYS

SUPPORT : 5870 & 5830
RESISTANCE: 5975 & 6030

Major Market News:

        Sensex ends down 96 points below 19,500; Metal, Realty drag.

        M&M Q3 profit jumps 26.3% led by sales growth.

        Hindalco Q3 profit falls 3.8%; margin contracts.

        Canara Bank Q3 profit falls 18.9%.

        Sun Pharma Q3 profit climbs 32% to Rs 8.8 bn.

For more info click here

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