Stock Tips 26/04/2013

Markets continued its positive momentum and closed with significant gains above their crucial levels on F&O Expiry day. Nifty future maintained on higher levels for the whole session where 5850 acted as strong support and closing above 5900 is still indicating strength and resistance range is seen around 5950-5990. Any correction may find support near 5870 below which next support is seen around 5810.
TREND: SIDEWAYS
SUPPORT : 5870 & 5810

RESISTANCE: 5950 & 5990

Major Market News:

Ø Nifty ends above 5900; Bank Nifty up 12% in April series.
Ø L&T Fin Holdings Q4 profit rises 21.9%.
Ø Strides Arcolab turns profitable in Q1.
Ø Indiabulls Real Estate Q4 profit rises marginally.
Ø M&M Financial Services jumps 10% as Q4 profit surges.

 

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