Tuesday, February 12, 2013

Nifty Trend Tomorrow 13 Feb 2013

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The Sensex snapped an eight-session losing streak on Tuesday, climbing 100.47 points to close at 19561.04 even as industrial output and inflation numbers for December underscored the weakness in the economy. Dealers attributed the today’s rebound in share prices to short covering of derivative positions and said near term outlook remained cautious. The Nifty closed at 5922.50, up 24.65 points over the previous close.

Unitech and DB Realty shares plunged about 18 percent each following reports of collusion between the CBI prosecutor and the company officials to sabotage the investigation of the 2G scam. Overall, investors continued to ignore second line shares and chose to nibble at frontline stocks which perceive to be more reliable in a bearish market.

ONGC led gainers in the Nifty and Sensex, with the stock climbing nearly 4 percent on better than expected third quarter earnings. While net profit fell 17.5 percent, the numbers were better than what most analysts had expected.

Nifty Levels Tomorrow : Nifty Support and Resistance

Nifty Trend : Nifty Expected trend is rangebound for tomorrow's session.

Nifty Levels :- Support of nifty is marked near 5900-5820 and the resistance level is expected at 6000

Free Trial Stock Tips For Tomorrow 13 Feb

JINDALSTEL sell signal - buy above level is 445

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Posted By Commodity MCX Tips