Nifty trend 22 feb 2013

							Markets plunged snapping three day winning streak tracking global sell off and closed on a negative
note down with more than 1.5%. Nifty future was trading with negative bias from the start of the
session and dragged below 5900 towards the immediate support of 5850. If it sustains below this
strong support then it may test the next support range of 5800-5770. While, it needs to maintain
above 5900 to gain strength towards higher levels.

TREND: SIDEWAYS
SUPPORT : 5800 & 5760
RESISTANCE: 5900 & 5940

Major Market News:

        Sensex, Nifty drop over 1.5%; ICICI, SBI tank on RBI data.

        Oriental Bank of Commerce Q3 net profit declines 8% y-o-y.

        ONGC to partner Bharat Petroleum, Mitsui for $1-billion LNG terminal.

        Shriram Transport plunges 6.7% on large block deal.

        Videocon Inds surges 7% on talks to sell stake in

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