After a decisive breakout markets sustained above their previous crucial levels and closed on a flat to positive note and low volumes were observed for today’s session. Nifty future is expected to continue its bull rally till it is able to maintain above 6000 level. Now, 6100 is seen as next major resistance ahead for the coming sessions. Below 6000 next immediate support is seen around 5950.
TREND: SIDEWAYSSUPPORT : 6000 & 5960
RESISTANCE: 6060 & 6100
Major Market News:
- Sensex buoyant; Cairn up 1.98%, Tata Comm rise 2.79%.
- Manappuram Finance, Muthoot Finance soar on RBI draft report.
- Maruti Suzuki sales rise 3.2% in December.
- JSW Steel gains on hike in all steel product prices.
- Jet Airways says in stake sale talks with Etihad.
Intraday Market Trend-04/01/2013
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