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Nifty Trend-20 Feb 2013

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Nifty Trend-20 Feb 2013 Powered By Docstoc
					Markets were trading flat till the post noon trade and bounced thereafter towards their resistance
levels. Nifty future is taking strong support around 5880 and took a pull back towards its important
resistance of 5950. Its closing is indicating certain strength and correction may lead it towards higher
level near the resistance zone of 5980-6000. While on lower side if it holds below 5880 then only
bears will drag it towards the next support.

TREND: SIDEWAYS

SUPPORT : 5920 & 5880
RESISTANCE: 6000 & 6040

Major Market News:

        Sensex trades flat; Realty up, Metal down.

        Hotel Leela zooms 9.4% on sale of IT park building to RIL.

        Kingfisher jumps 5% as UB Holdings hikes loan limit.

        Titagarh Wagons eyes biz growth through demerger.

        Essar Oil sees refinery margins matching RIL’s.

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