http://www.trifidresearch.com/blog/2013/05/18/nifty- trend- 20052013/ May 20, 2013
By admin on Saturday, May 18, 2013
Benchmark Indices hold near t o t heir crucial levels last week and is cont inuing t he bull
rally and set t led on a st rong not e. Nif t y f ut ure resist ed at 6210 in t he previous session
while 6150 act ed as st rong support . On daily chart s, higher highs are seen since last f our
sessions and if it holds above 6210 t hen only it may lead t owards new highs while any
correct ion will f ind support in t he range of 6150-6110.
SUPPORT : 6150 & 6110
RESISTANCE: 6250 & 6290
Major Market News:
Sensex ends slight ly higher; power, capit al goods jump.
ITC Q4 net rises 19%; non-cigaret t e FMCG biz breaks even.
Sun TV Q4 net prof it up 12% at Rs 178cr.
Ambuja Cement s asked t o deposit $21 mn f ine by CCI.
Mot herson Sumi Q4 net prof it rises marginally t o Rs 195.80 cr.
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