Market
rallied to their highest point and it maintained its positive momentum
from the beginning of the session and closed above its strong
resistance marks. Nifty future
gave breakout of its strong level of 6120 and settled above it around
6160. Now, it seems to test its next psychological level of 6210
surpassing which 6250 is seen as next resistance. On lower side, support
range is seen around 6000-5960.
TREND: SIDEWAYSSUPPORT : 5960 & 5920
RESISTANCE: 6050 & 6090
Major Market News:
- Sensex spurts 491 points to close above 20,200.
- Eurozone economy shrinks in Q1, marks longest recession.
- Tata Motors global sales fall 7% in Apr’13.
- Karnataka Bank Q4 profit slips 19%, asset quality improves.
- Bajaj Finance Q4 net spikes 52%, shares hit 52-wk high.
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