Intraday Trend-02/05/2013

Markets sentiments were negative for most part of the session due to domestic cues but settled on a satisfactory note. Nifty future found support around 5870 and settled above 5900. It will trade towards higher levels till it maintains above 5860 but higher highs since last few sessions on daily charts are indicating certain correction if it sustain in the range of 5900-5860. While below 5860 next major support is seen around 5790.

TREND: SIDEWAYS
SUPPORT : 5880 & 5850

RESISTANCE: 5970 & 6000

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