Friday 21 December 2012

Market Wrap and Nifty Bank Nifty Tips



  • Sensex closed down 0.11%@ 19453.92pts; Nifty down 0.22%@ 5916.40pts.  
  •  European majors DAX & CAC were down 0.09%, 0.03% & FTSE up.06%resp.  
  •  NASDAQ was down 0.33% while Dow Jones Industrial Avg. was down 0.74%. 

Sensex closed down 22.08pts @19453.92; Nifty closed up 13.20pts @5916.40 The Indian Equity Market remained under selling pressure due to weakness in Reliance Industries and ITC. L&T, HDFC Bank and State Bank of India too were under pressure. FMCG major Hindustan Unilever and drug producer Cipla gained 0.9% and 1.4%, resp.

NIFTY SPOT 
TREND-BULLISH | RESI 1: 5970, RESI 2: 6020 | SUPP 1: 5860, SUPP 2: 5800 | STRATEGY: BUY ON DIPS



BANK NIFTY FUTURE
TREND- CONSOLIDATE | RESI 1: 12650, RESI 2: 12800 | SUPP 1: 12350, SUPP 2: 12100 |
STRATEGY: BUY ON DIPS


Stocks in news: Indo Tech, RIL, Sun Pharma, DLF, Kingfisher

Indo Tech Tansformer | Reliance Industries | GTL Infrastructure | Sun Pharma | DLF | Kingfisher and TCS are stocks, which are in the news today.






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