Markets pared all intraday gains at the closing of the session on account of disappointing November IIP data and December trade deficit. Nifty future surpassed its crucial level of 6000 and closed below it and also closed below the trend line acting as strong support on daily charts. To gain strength it needs to sustain above 6000 and will find resistance around the range of 6030-6070. Whereas 5900 will now act as strong support for it.
TREND: SIDEWAYSSUPPORT : 5940 & 5900
RESISTANCE: 6030 & 6070
Intraday Market Trend-14/01/2013
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