Intraday Trend-17/04/2013

Benchmark Indices opened on a positive note and moved with positive bias with sound volumes for the whole session and settled near to their crucial resistance level. Nifty future has given a positive breakout of the consolidation range and now may face stiff resistance of 100 day EMA of 5775 ahead where reversal can be seen around these levels. If it sustains below the level of 5650 then next support range is seen around 5600-5570.

TREND: SIDEWAYS

SUPPORT : 5650 & 5600

RESISTANCE: 5740 & 5780

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