Nifty trend 13 02-2013

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Nifty trend 13 02-2013 Powered By Docstoc
					Markets opened with negative bias and volatile movements were observed due to weak IIP and
Consumer price Inflation data but were able to close in green territory.Nifty future took support near
5900 for the third consecutive session making this as crucial support level. If it breaches this level then
the index may drop down towards the next support of 5840 while strength can be said only if it
sustains in the range of 5950-6000.

TREND: SIDEWAYS

SUPPORT : 5900 & 5850
RESISTANCE: 5995 & 6040

Major Market News:

        Sensex continues trade higher; Oil & Gas, HC lead.

        Power Grid Q3 beats forecast, net up over 39% to Rs 1,129cr.

        SAIL Q3 net down 23% on higher finance cost, weak Re.

        Oil India Q3 PAT down 7.2% YoY, misses estimates.

        Unitech loses Rs 16.3 bn in m-cap as stock plunges 18%.

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