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Nifty trend 26 feb 2013

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Nifty trend 26 feb 2013 Powered By Docstoc
					Markets opened on a cautious note but mid and small caps plunged to drag the markets towards their
support areas but quick correction was observed and made the markets to close flat. Nifty
future moved in the support range of 5800 and strict resistance of 5900. It may move in the
consolidated range of 5940-5800 in the coming sessions but bears may plunge it towards if it sustains
below 5800. On higher side 5950 is seen as major resistance.

TREND: SIDEWAYS

SUPPORT : 5820 & 5780
RESISTANCE: 5900 & 5950

Major Market News:

        Sensex, Nifty end in green; Sebi to probe midcap crash.

        SC may allow Sesa Goa’s K’taka mines to resume operations.

        Wonderla Holidays plans to raise Rs 550 crore via IPO.

        Coal India sure of NTPC signing FSA; warns of price hike.

        SBI fixes issue price at Rs 2312 for preferential allotment.

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