Friday 7 December 2012

Market Wrap Nifty bank Nifty Trends and Stock Tips


NIFTY SPOT 
TREND-BULLISH
RESI 1: 6000
RESI 2: 6050
SUPP 1: 5890
SUPP 2: 5830
STRATEGY: BUY ON DIPS


BANK NIFTY FUTURE 
TREND- BULLISH
RESI 1: 12840
RESI 2: 12700
SUPP 1: 12500
SUPP 2: 12400
STRATEGY: BUY ON DIPS

 BUY DLF FUTURES ABOVE 228.8 TG-230.3/232.3/234.8 SL-226.5 


Sensex closed UP 0.49%@ 19486.80pts; Nifty gained 0.52%@5930.90pts.  

 European majors CAC, DAX & FTSE were up 0.30%, 1.07% & 0.24% resp.  

 NASDAQ was down 0.77% while Dow Jones Industrial Avg. was UP 0.64%. 

Sensex closed up 94.94 pts @19486.80; Nifty closed  up 30.40 pts @5930.90. The Sensex recovered early losses on Thursday, rising for the third day, after Mayawati decided to support FDI in multi-brand retail in Rajya Sabha. Nifty gainers include Jaiprakash Associates, DLF, Axis Bank, Reliance Infra and Tata Motors, gained 2-4 %.  

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