Stock Nifty Trend 23 October 2013

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Stock Nifty Trend 23 October 2013

stock-market-BY-TRIFIDRESEARCHMarkets continued to be in the same range sustaining on higher side for the second consecutive session and closed again on a flat note. Nifty future was unable to surpass the crucial 6239 level in the previous session but as it is able to sustain above 6200 mark; it is indicating bull rally to continue where 6270 might act as stiff resistance. Correction can occur on any closure of nifty below 6180 and 6140 will be seen as major support.

TREND: SIDEWAYS SUPPORT      :  6180 & 6140 RESISTANCE:   6270 & 6320 DAILY MARKET TREND
  • Nifty holds 6200; Smallcaps outperform, Tata Power up 3%.
  • European, Asian shares-ex Japan edge back from 5-year high.
  • YES Bank Q2 beats street, net up 21% on NII & other income.
  • Polaris at 18-mnth high, up 8% on sale buzz to L&T Infotech.
  • Coromandel International Q2 net down 32.5% to Rs 160.1 cr.
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