STOCK TRADING TIPS 29 JAN 2014

Markets were running on a flat note but were hit by RBI Monetary Policy hiking the repo rate by 25 bps entirely reversing street expectations and ended the volatile session on a flat note. Nifty future violated 6100 mark on and closed above it. If it sustains in the range of 6170-6200 then some up move can be seen. Weakness may continue till it maintains below 100 day EMA of 6144. On lower side major support is seen near 200 day EMA of 6050. TREND SIDEWAYS SUPPORT 6100 & 6060 RESISTANCE 6200 & 6240 For More Details trifidresearch.com blog livestocktips

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