Intraday Trend-19/07/2013

Benchmark Indices opened on a strong note and bulls carried them towards their resistance levels and settled on higher side. Nifty future was hovering around the crucial 6000 mark and gave a positive breakout above it and ended on a strong note of 6050. For the coming session, near term resistance is seen around 6080-6100 surpassing which 6150 will act as next resistance. On any uncertainties of cos. Q1 results 5980 will act as major support.

TREND : SIDEWAYS

SUPPORT  :  6020 & 5980                          

 RESISTANCE :  6110 & 6155

Daily Markets news

  • BSE Sensex soars 180 pts, Nifty climbs 65 pts; Bankex up 2%.
  • Axis Bank Q1 profit climbs 22.1%.
  • IDBI Bank Q1 earnings fall 28.2% on higher provisioning.
  • Kotak Mah Bank beats Street, Q1 profit surges 42.6%.
  • Lupin partners with MSD, to co-market 23-valent PPV.

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