Following 3 negative news dragged down Indian markets today:-
1- INFY below expectation results
2- RIL 'highly complacent' on KG-D6 production targets: DGH
3- March WPI inflation at 8.98 pct Vs 8.31 pct in Feb
Negative news flow led Down move triggered today,intraday Selling seen between 5850-5875 and minor intraday support also betwen 5808-5826.therefore Nifty will move between both ranges first.
Nifty-Micro Analysis of Intra Day Chart(at 01:19PM on 13-04-2011):-
Let today market range(5808-5875) break out and then form final view.
1- INFY below expectation results
2- RIL 'highly complacent' on KG-D6 production targets: DGH
3- March WPI inflation at 8.98 pct Vs 8.31 pct in Feb
Negative news flow led Down move triggered today,intraday Selling seen between 5850-5875 and minor intraday support also betwen 5808-5826.therefore Nifty will move between both ranges first.
Nifty-Micro Analysis of Intra Day Chart(at 01:19PM on 13-04-2011):-
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