Intraday Trend-03/07/2013

Markets remained flat for most part of the session and closed around their support levels. Nifty future took intraday resistance of 5900 and dropped towards 5850 but was able to close above 100 day EMA. On daily charts, strength can be said till it maintain above the upper band of downward channel pattern i.e. around 5820. On higher side, resistance may be seen in the range of 5900-5940.

TREND: SIDEWAYS

SUPPORT   :  5800 & 5760

RESISTANCE   :   5900 & 5940

Market Daily News

  • Sensex remains flat; realty, IT fall.
  • Firstsource jumps over 6% on debt repayment.
  • Elder Pharma surges on acquisition of Max Healthcare.
  • Zensar Technologies gains 3% on acquisition talks.
  • Coal India’s output in June at 32.5 MT; misses target.

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