STOCK MARKET TECHNICAL NEWS AND NIFTY TIPS 26 FEB 2014

unnamedMarkets gained for the third consecutive session supported by technology and capital goods and hence made indices to close on a flat to positive note. Nifty future found intraday support around 6180 and bounce back was seen towards 6210 and closed around it. If it sustains above 6220 then next major resistance is around 61.8% retracement of 6280. On lower side, support is seen in range of 6170-6150. Volatility is expected due to F&O Expiry.                       

TREND: SIDEWAYS

SUPPORT:6170 & 6140                  

RESISTANCE:6250 & 6280  

DAILY MARKETS TREND:

  • Sensex ends flat; consumer durables, IT lead.
  • Asia stocks bounce as merger frenzy spurs Wall Street.
  • Ranbaxy temporarily suspends API shipment from Toansa & Dewas.
  • Wipro hits 14-yr high, bags IT & BPO contract from UK firm.
  • FedBk gets approval from CCEA for FII upto 74%.

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