EQUITY TECHNICAL MARKET NEWS AND STOCK TIPS 11 FEB 2014

stockMarkets are sustaining in the same range since last few sessions unable to give a decisive breakout as facing strict resistance around psychological levels. Nifty future traded below the key resistance of 6100 for the whole session and closed on a flat with negative bias. Sustaining above 6100 may find resistance around 100 day EMA of 6130 and it needs a decisive breakout to confirm bulls. On lower side, 6000 is seen as major support for the index.

TREND: SIDEWAYS

SUPPORT: 6030 & 6000

RESISTANCE: 6100 & 6130

DAILY MARKETS TREND:

  • Sensex ends 42 points lower; technology, banks drag.
  • Tata Motors Q3 net trebles, driven by one-off item.
  • Wockhardt quarterly earnings drop 28.84%.
  • Ceat quarterly profit soars 3.6 times.
  • India Cements quarterly profit plunges.

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Source : Trifid Research

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