"Nifty trend 13 02-2013"
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%. For more info click here Stock Tips Commodity Tips