Markets extended losses in the post
noon trade due to profit booking at higher levels and finally settled at flat
note. Nifty future opened near the resistance
level of 6040 but traded at lower levels for the whole session. Now, 5980 is
acting as very crucial support level for nifty below which it may show some
correction towards the next support of 5930.Whereas 6040 is still acting as
important resistance for it. Volatile movements may be seen due to Infy nos.
and IIP data.
TREND: SIDEWAYS
SUPPORT : 5960 & 5930
RESISTANCE: 6040 & 6070
RESISTANCE: 6040 & 6070
Major Market News:
- Nifty closes below 6000; all eyes on Infosys, IIP, ECB.
- Infosys Q3 net profit seen down 5% QoQ, USD revenue up 4%.
- ICICI Bank down 1% on legal action by Australian firm.
- Gujarat NRE Coke Q3 profit jumps 10.6 times.
- Rolta bags USD 31 mn order for Oracle ERP project.
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