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Tuesday 13 March 2012

Nifty Trend for 14/March/2012


 
Markets continued to trade on positive note due to support of global cues where nifty future traded above
The intraday support of 5450 for the whole session and settled near the resistance level of 5470 according to daily charts. Now, 5520 is seen as crucial level for today’s session. If it is able to sustain above this level then 5570 can act as intraday hurdle for it. However, if support of 5400 breaks then it may again dip towards support of 5330.
TREND: UP
SUPPORT: 5400 & 5330 RESISTANCE: 5520 & 5570

Major Market News-

·        Sensex surges 224 points; RIL, Infosys, ONGC lead.
·        Biocon plunges as Pfizer cancels insulin pact.
·        Subex rises on order win from Idea Cellular.
·        Infosys in multi-year contract with GlaxoSmithKline.
·        Natco Pharma bags licence to sell Nexavar drug; stock up.
·        Premji Foundation to sell 35 mn shares in Wipro.

1 comment:

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