Stock Tips-30/05/2013

Markets witnessed a dull session with low volumes and settled marginally lower near to their crucial level. Nifty future showed recovery from lower levels of 6050 and then resisted around strong resistance of 6100. It is likely to get support in the range of 6050-6010 and may get a reversal from this range. If it sustains above 6130 then only some positive momentum may continue to lead towards new highs.

TREND: SIDEWAYS
SUPPORT: 6050 & 6010

RESISTANCE: 6130 & 6160

Major Market News:

  • Sensex ends tad lower; realty, metal, power drop.
  • Sun Pharma surges as Q4 earnings jump 23.3%.
  • Aditya Birla Nuvo consolidated Q4 earnings climb 16.8%.
  • HDIL swings to loss in Q4.
  • Bombay Dyeing standalone quarterly profit falls 14.8%.
  • Jain Irrigation Q4 net plunges 75.8%.

 

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