Tuesday 8 January 2013

Intraday Market Trend-08/01/2013

01:08    1 comment





Markets declined in the start of the week as the markets heads into the third quarter earnings session. Nifty future slipped below 6040 in the last hour of trade towards the strong support of 6000. However, it managed to close above the key level and for the coming session it needs to cross the important resistance of 6060 to continue its bull rally while below 6000 it will find support in the range of 5990-5940.
TREND: SIDEWAYS
SUPPORT : 5990 & 5940
RESISTANCE: 6060 & 6100
Major Market News:
  • Sensex sheds 92 as capital goods, FMCG weaken; L&T dn 3%.
  • Marico to demerge, list Kaya Skin Care business.
  • Tata Power synchronises another 800MW unit at Mundra proj.
  • Maruti Suzuki climbs 3.2% on CLSA rating upgrade.
  • EGoM decides 30%-lower 2G auction price; Idea at 52-wk high.
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1 comment:

  1. Intraday Tips9 January 2013 at 05:05

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