Intraday Trend-04/07/2013

Markets witnessed gap down opening and remained on lower side for the whole session on account of weak global markets and rupee depreciation. Nifty future opened below its major support of 5820 and for second consecutive session closed in red. On current levels index is unable to decide its trend and showing range bound movements where 5820 will act as crucial mark for it. Support range is seen around 5720-5680.

TREND: SIDEWAYS

SUPPORT   :  5720 & 5680

RESISTANCE  :  5820 & 5860

Market News Daily:-

  • Sensex plummets 278 points; realty, metal, PSU fall.
  • India service PMI falls from 3-month high in June.
  • Hindustan Copper offer for sale oversubscribed 1.2 times.
  • Titagarh develops new products to ease rail biz slowdown.
  • Deepak Fertilisers buys 20% stake in Mangalore Chemicals.

 

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