Intraday Trend-05/07/2013

Markets witnessed a volatile session but bounced from day’s low and able to maintain strength in the post noon trade and settled on a satisfactory note. Nifty future resisted before the 100 day EMA of 5852 and closing around it indicates further strength in the coming session. If it is able to hold above the mentioned level then near resistance is seen around 5900 while strong support range is seen around 5780-5750.

TREND: SIDEWAYS

SUPPORT : 5780 & 5730

RESISTANCE  : 5890 & 5940

Markets Daily News

  • Sensex climbs over 200 points; IT, FMCG, realty rally.
  • Deepak Fert surges after buying 24.5% in Mangalore Chem.
  • Suzlon climbs on plans to sell stake in domestic unit.
  • Firstsource shares surge 20% after block deals.
  • ITC shares gain on Gold Flake price hike report.

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