1. Markets opened with slight negative sentiments but soon took a strong pullback from its strong
support and better-than-expected core inflation data. Nifty future reversed from crucial support of
5800 and lead towards level of 5950. Major resistance is seen at 6000 ahead and it needs to maintain
above this to move towards higher levels. Weakness may be seen if it surpasses the level of 5880
below which next support is around 5840.
TREND: SIDEWAYS
SUPPORT : 5880 & 5840
RESISTANCE: 5980 & 6040
Major Market News:
Sensex jumps 183 points, Nifty hovers around 5900.
HUL surges as Jefferies upgrades stock.
JSW Steel to raise $600 mn from overseas mkts in next qtr.
Axis Bank to probe money laundering allegations.
Gammon India to talk with lenders for debt restructuring.
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