Intraday Trend-22/07/2013

Benchmark Indices after a quiet opening narrowed in a range in the first half of session after which it gained momentum, resisted near crucial mark and managed to settle in green territory. Nifty future faced a volatile session and faced strict resistance of 6080 and showed certain correction towards intraday low. Index lies in strong zone till it is able to maintain above 6000 while major resistance is seen around 6130. On lower side 5960 will act as major support for it.

TREND : SIDEWAYS

SUPPORT    :  6000 & 5960  

RESISTANCE :   6080 & 6130

Daily Markets News:

  • Nifty ends below 6050; bank & cap goods drag, IT strong.
  • HDFC Q1 profit climbs 17.1%.
  • Mastek tanks 10% post Q1 result.
  • Bajaj Auto Q1 profit rises 3%.
  • Uco Bank Q1 profit jumps 41%.
  • Bajaj Corp OFS commences at Rs 200/share; stock rallies 7%.
  • NIIT plunges 5% after reporting quarterly loss.

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