Intraday Trend-14/06/2013

Markets showed a gap down opening and remained on lower levels for the whole session closing in red territory around their crucial marks. Nifty future surpassed 5700 mark to make intraday low and closing indicates further bears to continue if it holds below 5700 till the deeper support level of 5660. Any correction will find 200 day EMA of 5770 as its strict resistance for the coming session.


SUPPORT: 5660 & 5620

RESISTANCE: 5750 & 5810

Major Market News:

  • BSE Sensex down 200 pts, Nifty stuck at 5700.
  • MMTC tanks as govt sets OFS floor price at steep discount.
  • Unilever to begin raising stake in HUL from June 21.
  • Apollo Tyres sinks 25%; Cooper Tire buy seen a risky bet.
  • JSW Energy promoters pledge 121 mn shares.

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