Benchmark Indices settled on a flat note despite of favored WPI Inflation nos. and traded around their support range. Nifty future if continues to trade around this support range of 6000-5980 then we can expect further correction towards the deeper support of 5920. On the other hand, to again gain strength it needs to close above 6050 from where it may lead towards the near term resistance of 6100.
SUPPORT : 5960 & 5920
RESISTANCE: 6050 & 6090
Major Market News:
- Sensex continues to trade higher; GAIL, ONGC rise.
- Dr Reddy’s consolidated Q4 profit jumps 66.6%.
- United Bank Q4 profit plunges 79.1% on higher provisioning.
- RInfra consolidated Q4 profit surges 76.2%.
- Muthoot Finance Q4 profit falls 6.4%.
- Aptech Q4 profit jumps 86.2%.
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