Monday 29 October 2012

Market Outlook and Nifty and bank Nifty tips


NIFTY SPOT TREND-CONSOLIDATE | RESI 1: 5720, RESI 2: 5800 | SUPP 1: 5630, SUPP 2: 5590 |  STRATEGY: SELL ON HIGHS


BANK NIFTY FUTURE TREND- CONSOLIDATE | RESI 1: 11700, RESI 2: 11810 | SUPP 1: 11540, SUPP 2: 11450 | STRATEGY: BUY ON DIPS



  • Sensex dropped 0.71% @18,625.34 pts; Nifty dropped 0.72% @ 5,664.30 pts.  
  • Europe’s major indices CAC, FTSE & DAX were down from 0.59% to 0.86%.
  • NASDAQ was up 0.15 %, Dow Jones Industrial Average was up 0.20 %.


Sensex dropped 133.29 pts @18,625.34 while Nifty dropped 41.00 pts @ 5664.30.Indian shares fell on Friday to close at its lowest in 1-1/2 weeks, as lenders such as PNB fell after reporting a rise in bad assets in the July-Sept. quarter, while HUL fell on disappointment over its volumes growth. Asian markets closed 1.4-1.8 percent lower.


Stocks in news: Zee News, Orient Refra, IIFL, Firstsource

Kingfisher Airlines | Zee News | Reliance Infrastructure | Orient Refractories | Indian Hotels | Jindal Poly | JSW Steel | Sesa Goa | IDFC | JSW Ispat Steel | Torrent Power | United Bank | IIFL | Firstsource Solutions and SPARC are stocks, which are in the news today.




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