Tuesday, February 19, 2013

Global Market Updates: Nifty For Today

The BSE Sensex ended flat on Monday, holding just above 19500. The market witnessed a lacklustre trading session throughout the day. Today, cues from the global markets are not very supportive as Asian market showed mixed trading trend. There was no trading in the US on account of President's day, while the European markets too closed on a mixed note. On back of global factors and not much domestic support, equity market too is likely to show downtrend today.

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Global Market Updates:
Asian markets traded mixed. China's Shanghai Composite shed 0.34% or 8.12 points at 2,413.44. Hong Kong's Hang Seng was flat at 23,366.97. Japan's Nikkei was down 0.22% or 25.02 points at 11,382.85. Singapore's Straits Times was up 0.50% or 16.37 points at 3,304.51. South Korea's Seoul Composite gained 0.33% or 6.54 points at 1,988.45. Taiwan's Taiwan Weighted rose 0.32% or 25.05 points at 7,968.58.

Nifty For Today:
Nifty closed on a bear note at 5898. So today the first resistance for nifty is at 5950 level. Next resistance ranges are at 5990 level. On downside first support is at 5850 level. Next supports are at 5830 level. Today Nifty is in bear zone.

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