8 June 2013


Index dropped in choppy trade, with investor sentiment hit by a weak rupee. Nifty settle at 6-week low Nifty lost 40 point to 5,881, its lowest closing level since 26 April 2013. The index hit a low of 5,871 in intraday trade. The index hit a high of 5,972 in intraday trade, its highest level since 4 June 2013. Initially, the critical range for the day is located between 5880 and 5850. Next important resistance zone 5900 -5930....
Above this, the bulls would clearly be on the driver’s seat. n case the index falls on any profit taking, it is likely to take support first around 5820

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 RESISTANCE:5860, 5890,5920

SUPPORT:     5840, 5820,5800


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