Nifty ( Closing ) : 5390.20
TREND FOR 14/02/2012
Nifty Support Levels : 5361-5325-5291
Nifty Resistance Levels : 5415-5449-5485.
Short / Middle term target of Nifty : 5490-5530.
Market is bullish. But, it is not good for intraday traders as it moves sideways.
After making some sideways movements, Nifty closed on a flat note. It gained 8.60 points and closed at 5390.20.
Market was waiting for some leading companies' results today including SAIL, TATAPOWER, CIPLA & SBIN. Surprisingly , all of them placed their positions in the list of 'NSE Top Losers'. Among them, SBIN declared a net profit of Rs. 3263 Cr ( 15% increase ) in third quarter. But, it reported gross non-performing assets at Rs. 40098 Cr. whereas Rs. 23438 Cr. in the corresponding period of last year. Besides, it increased loan loss provisions by 84% to 3006 Cr.
Stop loss triggered in our intraday tip as market moved sideways .
GOOD LUCK....
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