Intraday Trend-01/07/2013

Markets opened on a strong note and sustained on higher side on account of positive global markets and recovery in rupee against dollar which helped it to settle on higher side. Nifty future headed towards the upper band of channel pattern where it took resistance around 100 day EMA of 5853. Strict resistance is seen near 5880 holding above which it may further lead towards 5930. While on any downfall nifty will find support in the range of 5800-5760.


SUPPORT      :  5800 & 5760

RESISTANCE:   5880 & 5930

Market Daily News

  • Sensex ends 520 up; metals, oil & gas, cap goods on fire.
  • CCEA raises foreign eq. investment limit in YesBk to 60%.
  • Crompgreav soars 10% on share buyback.
  • Coal India rallies post Cabinet nod for regulator.
  • AuroPharma gets tentative nod for HIV treatment drug.

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