Wednesday 8 August 2012

NIFTY AND BANK NIFTY FUTURE LEVELS 09 AUG


Sensex and Nifty trimmed gains in late trade to close flat on Wednesday due to profit
booking and disappointing forecast by Bharti Airtel. Sensex declined 1.22 pts closed at
17,600.56 while Nifty closed with marginal gain of  1.3 pts @ 5338. The cut in India’s
GDP forecast by the foreign research firms 5.5% to  6% also dampened sentiment.



  • Sensex closed down 0.01%@17600.56 pts; Nifty raised 0.02% @ 5338.00 pts.  
  •  NASDAQ was down by 0.87% and Dow Jhones Ind. Avg. was up by 0.39%. 
  •  France's CAC, Germany's DAX and Britain's FTSE dropped more than 0.5%. 




NIFTY OUTLOOK

   Trend: - Consolidate
   Resistance: - 5380,5460
   Support: -5300, 5220
   Strategy: - Sell on high

BANK NIFTY 


   Trend:- Consolidate
   Resistance: -10680,10830
   Support: -10470,10320 
   Strategy: - Sell on High

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