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Markets opened on a negative note and traded with negative sentiments for the whole session and settled near their crucial support levels. Nifty future closed below its strong support of 5600 indicating strong bearish signals. Now, 5550 is seen as crucial support below which bears may continue towards deeper support in the coming sessions. However any pullback may face resistance around 5660-5700 levels. TREND: SIDEWAYS SUPPORT : 5550 & 5500 RESISTANCE: 5740 & 5780 Major Market News: Markets tumble, Sensex down 253 points. IGL falls after SC defers hearing in IGL-PNGRB case. BHEL sees decline in cash balance. Dr Reddy’s launches Zoledronic Acid injection in US market. DLF falls on reports of sale of wind biz for Rs 3 bn. Stock Tips Commodity Tips Mcx Tips

Nifty trend 05 April 2013  

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