Nifty trend 27 feb 2013 by ashishtrifid


									Markets failed to be impressed by Rail Budget and huge sell off was seen in the markets plunging
more than 1.5%. Nifty future dipped below 5800 and free fall was seen towards its major support of
5750. Technically, the market is undoubtedly in the bear zone and if the selling pressure continues
then support range is seen around 5700-5670. While, it seems hard to cross the key level of 5900 on
higher side which is acting as major resistance.


SUPPORT : 5730 & 5670
RESISTANCE: 5820 & 5880

Major Market News:

        Sensex plunges over 300 points as Rail Budget disappoints.

        Ranbaxy Q4 loss at Rs 4.92 bn; revenues dip 29.1%.

        Kingfisher down 5% after govt cancels int’l flying rights.

        Maruti falls 2% as RBI restricts further purchases by FII.

        Telecom stocks surge as govt fails to get bid for spectrum auction.

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