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Markets closed on a positive note for the second consecutive session ahead of IIP data and Infy nos. Nifty future is holding near 5600 level and further bulls may face stiff resistance near 200 day EMA of 5667. Next resistance is seen around 5720 in the coming session. While near term support is seen around 5540 surpassing which major support is seen around 5480. Volatile movements are expected due to key events in market. TREND: SIDEWAYS SUPPORT : 5540 & 5500 RESISTANCE: 5660 & 5700 Major Market News: Sensex ends 128 points higher; Rate sensitives, IT lead. Jindal Stainless jumps nearly 10% on tie-up with POSCO. Sterlite Technologies bags orders worth Rs 630 cr. Essar Steel to refinance over Rs 20,000 crore debt by September. Kingfisher hits upper circuit; stock up 5%. Stock Tips Commodity Tips Mcx Tips

Nifty Trend 12 April 2013  

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