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Markets after opening on a flat note near to their support levels but took a strong pull back towards the crucial resistance levels. Nifty future
is finding strong support around 6000 and is sustaining towards higher
levels. After moving in the range of 6000-6100 last week nifty needs to
give a breakout above 6100 to continue its bull rally. Any closing above
6100 will confirm the bulls towards resistance of 6150 while 5990 is
strong support on lower side.
TREND: SIDEWAYS
SUPPORT : 6040 & 6000
RESISTANCE: 6110 & 6150
Major Market News:
- Maruti Suzuki Q3 net more than doubles to Rs 501cr.
- Sesa Goa to start Liberia iron ore output early 2014.
- Rel Power Q3 beats forecast, profit up 30%; shares gain 4%.
- Dhanlaxmi Bank makes Rs 4 cr profit in Q3 on low staff cost.
- Suzlon jumps 5% as lenders approve Rs 95 bn debt recast.
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