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Nifty Trend 14-02-2013

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Nifty Trend 14-02-2013 Powered By Docstoc
					Markets opened on a strong note but fell off their intraday highs and dragged towards their crucial
support levels and closed on a flat note. Nifty future is facing resistance in the range of 5970-6000
constantly and is reversing from this range. While, in this bear trend 5900 has become a strong
support zone breaching which if it sustains below this key level then selling pressure may be seen till
the next major support which is seen around 5838-5800.

TREND: SIDEWAYS

SUPPORT : 5900 & 5850
RESISTANCE: 5995 & 6040

Major Market News:

        Sensex off from day’s high; Power, Metal drag.

        Madras Cements Q3 profit rises 8.8%.

        IOC Q3 profit jumps 33.9%.

        HT Media Q3 profit rises 11.3%.

        NMDC Q3 profit falls 30.45% as margins contract.

        HPCL Q3 profit plunges 94.6%.

        Unitech Q3 profit jumps 52.4%, beats Street estimates.

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