Intraday Trend-17/07/2013

Markets saw a huge downfall with the start of the session after RBI increased short-term borrowing costs to support rupee from falling further and pared some gains in the noon session. Nifty future is still seen in the strong zone where 6000-6020 will act as resistance for it. Any uncertainties due to domestic cues may drag it towards the correction side where 5930-5890 is seen as support range for the index.  


SUPPORT      :  5930 & 5890 

 RESISTANCE:   6020 & 6080

Daily Markets News

  • Nifty tests 5950; Oil & gas and FMCG lend support.
  • Tata Motors falls as global sales drop 10.2% in June.
  • Ashok Leyland posts Rs 142cr loss in Q1; shrs hit 4-yr low.
  • Jet-Etihad likely to extend deal closure date to Nov.
  • JSW Steel Q1 steel production up 1% at 2.86 MT.

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