Intraday Trend-08/07/2013

Markets settled the week on a subdued note and USDINR hike still remains a concern and so indices are trading in sideways manner and are unable to decide their trend. Nifty future remained above the 100 day EMA and resisted near the crucial mark of 5900. If it is able to sustain above the mark of 5900 then some up move may be seen till the next resistance of 5940-5970.  Major support is seen near 5800.

TREND : SIDEWAYS

SUPPORT  :  5840 & 5800

RESISTANCE  : 5910 & 5970

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