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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