Markets remained cautious for yet another day and nifty future traded below 5400 for most part of the session while weak opening of European markets made nifty future to slip towards support level of 5340. Now, if the crucial level of 5300 breaks then nifty will trade in the weak zone of 5200-5265 for today’s session. On higher side, if 5450 level is surpassed then 5540 will act as strong resistance to move it on higher side.
TREND: SIDEWAYS
SUPPORT: 5325 & 5265 RESISTANCE: 5450 & 5520
Major Market News-
· Sensex ends down 169 points; DLF, M&M, BHEL drag .
· India`s Manufacturing PMI falls to 56.6 in February .
· Tata Motors sales climb 19% in Feb 12.
· Maruti Suzuki February sales climb 6.5%.
· M&M sales rise 29% in Feb 12.
· Videocon Industries Q4 profit drops 46.7%.
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