STOCK MARKET INVESTMENT NEWS AND TRADING TIPS 13 FEB 2014

Markets are stuck in the range since last few sessions as it was again a flat closing for the previous session and hence it needs a proper breakout on either side to decide the trend further. Nifty future strictly resisted around 100 day EMA of 6130 and dropped to close below 6100 mark. Supporting IIP & Inflation data may lift markets towards the resistance range of 6130-6160 while on lower side 6030 is seen as strong support for it.

TREND: SIDEWAYS

SUPPORT : 6060 & 6030

RESISTANCE: 6130 & 6160

DAILY MARKETS TREND:

  • Sensex ends 85 points higher; capital goods, oil & gas rise.
  • Jan IIP shrinks 0.6%; CPI inflation hits 2-yr low at 8.8%.
  • Railway stocks drop as Interim Budget disappoints.
  • Tata Steel slips 3%, net debt woes remain.
  • OnMobile shares surge on open offer premium.

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SPURCE : TRIFID RESEARCH

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