Intraday Market Trend-04/02/2013
Markets are constantly moving in the tight consolidation range and are not able to give a decisive breakout on either side. Nifty future ended the F&O Expiry week near to its major support level of 6000. It is facing resistance around 6080-6100 on a regular note and slips below towards support thereafter. Further, bearishness may be seen if it holds in the range of 6000-5970 for the coming session. While 6120 is the major resistance ahead.
TREND: SIDEWAYS
SUPPORT : 6020 & 5970
RESISTANCE: 6080 & 6120
Major Market News:
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Markets are constantly moving in the tight consolidation range and are not able to give a decisive breakout on either side. Nifty future ended the F&O Expiry week near to its major support level of 6000. It is facing resistance around 6080-6100 on a regular note and slips below towards support thereafter. Further, bearishness may be seen if it holds in the range of 6000-5970 for the coming session. While 6120 is the major resistance ahead.
TREND: SIDEWAYS
SUPPORT : 6020 & 5970
RESISTANCE: 6080 & 6120
Major Market News:
- Nifty threatens to breach 6K; JP Asso, DLF fall 4%.
- Bharti Q3 profit falls 61% QoQ to Rs 284 cr; shares drop.
- BHEL Q3 disappoints, net slips 18% to Rs 1182 cr; shrs fall.
- Maruti Suzuki Jan sales down 1% at 1.14 lakh units.
- Hyundai Motor India total sales up 4% in Jan.
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