Wednesday 16 January 2013

intraday tips 16-jan-13

Markets continued to move with positive momentum on the second consecutive session and closed on a strong note. Nifty future moved in the range of 6050-6030 in the first half of trade but rallied towards its stiff resistance level of 6100 in the second half of session. Now, if this bullish rally continues then resistance is seen in the range of 6150-6200. On lower side, major support is seen around 6000.
TREND: SIDEWAYS
SUPPORT : 6050 & 6000
RESISTANCE: 6120 & 6170

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