NIFTY SUPPORT AND RESISTANCE ( 06 Sept 2013)
NIFTY RESISTANCE
AT 5610 ABOVE 5648 AND 5679
AND NIFTY SUPPORT
AT 5550 BELOW 5529 AND 5481
THE US MARKETS ON THURSDAY ENDED WITH A STRONG NOTE ON THE BACK OF POSITIVE ECONOMIC DATA. THE US SERVICES SECTOR GROWTH ACCELERATED TO ITS FASTEST PACE IN ALMOST EIGHT YEARS BUT THE NEW JOBLESS CLAIMS FELL TO A NEAR FIVE YEAR LOW. THE ECB IN ITS POLICY MEET KEPT ITS INTEREST RATES UNCHANGED AND NOW THE MARKETS MAY WATCH THE PAYROLL DATA WHICH IS DUE ON FRIDAY. THE ASIAN MARKETS WERE TRADING MIXED AHEAD OF THE US JOBS DATA. THE INDIAN MARKETS ARE EXPECTED TO OPEN WITH A FLAT NOTE.
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