Intraday Trend-02/07/2013

Benchmark Indices started the week on a strong note and sustained on higher levels and closed on a cheering note above their crucial resistance levels. Nifty future was able to maintain above 100 day EMA and closing above the downward channel pattern on daily charts is indicating strength in the coming sessions. Important mark seen ahead is 6000 where it can resist whereas support range is seen around 5840-5800.

TREND: SIDEWAYS

SUPPORT: 5840 & 5800

RESISTANCE: 5940 & 6000

Market Daily News

  • Sensex, Nifty end up nearly 1%; realty surges over 5%.
  • India manufacturing PMI up at 50.3 in June.
  • Maruti Suzuki sales fall 12.6% in June.
  • Hindustan Motors jumps on tie-up with Isuzu Motors.
  • Hero MotoCorp gains on reports of buying 49.2% stake in Erik Buell.

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