Intraday Trend-17/05/2013

Markets ended on a flat note with amid volatility closing around their resistance levels due to profit booking at higher levels. Nifty future is facing resistance mainly in the zone of 6180-6210 where profit booking is seen. Surpassing this range next resistance is seen around 6250. If it holds below the near support of 6140 in the coming session then it may show some correction towards the next support near 6100.

 TREND: SIDEWAYS

SUPPORT : 6140 & 6100

RESISTANCE: 6210 & 6250

Major Market News:

  • Sensex ends slightly higher; realty, oil & gas lead.
  • Reliance Capital consolidated Q4 profit slips 19.5%.
  • Bajaj Auto Q4 falls marginally.
  • DB Corp consolidated Q4 profit climbs 22%.
  • Arvind consolidated Q4 rises 13.7%.
  • TTK Prestige Q4 beats forecast; profit jumps 42%.

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