Stock Tips -29/04/2013

Markets ended lower on last session of the week due to weaker global cues and profit booking on higher levels. Nifty future started the May series on a flat note and moved mainly in the range of 5920-5880 for the whole session. If it sustains below the resistance level of 5930-5950 then some correction is expected where crucial level is seen around 5860 below which it may drag towards the next support of 5790.

TREND: SIDEWAYS

SUPPORT : 5850 & 5790

RESISTANCE : 5930 & 5970

Major Market News:

  • Sensex slips 120 points at close; JSPL, RIL, ICICI Bank drag.
  • ICICI Bank Q4 in-line, profit up 21.15%.
  • Maruti Suzuki jumps over 5% as Q4 earnings beat forecasts.
  • Siemens Q2 profit plunges, stock crashes 7%.
  • Vijaya Bank Q4 profit climbs 24%; asset quality improves.