Stock Nifty Technical Trend 13 November

Markets continued to drag towards their crucial support side for the sixth consecutive session and settled around it with a fall of about 1% on account of strong depreciation in rupee. Nifty future is rebounding from resistance levels around 6150 and showed a free fall towards the key support of 6050.  Major support is seen near 6000 from the current levels while immediate resistance range is seen near 6150-6190.

TREND: SIDEWAYS

SUPPORT      :  6020 & 5980

RESISTANCE:   6120 & 6160

DAILY MARKET TREND

  • Sensex, Nifty down 1% at close; ICICI, Tata Motors, RIL drag.
  • September IIP at 2% versus 0.6% in August.
  • HPCL profit dips 86% in Q2 on lower subsidy, margin drop.
  • Canara Bank Q2 profit falls 5.3%.
  • Corporation Bank Q2 profit plunges 96.2%.

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Stock Nifty Technical Trend 13 November

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