Saturday, 22 December 2012

Nifty and Bank Nifty Outlook For 24 Dec

  • Sensex down by 1.09%@19242.00pts;Nifty down by 1.16%@5847.70pts.  

  • European majors CAC, DAX & FTSE down by 0. 66%, 0.78% & 1.02% resp.  

  • Nasdaq was up  0.20% while Dow Jones Industrial Avg. was up 0.45%. 

Sensex closed down 211.92pts@19242.00;Nifty closed down 68.70pts@5847.70.The Nifty & Sensex fell for a second consecutive session as lenders were hit by profitbooking, while Bharti Airtel declined after federal police filed charges as part of a probe into alleged corruption in the allocation of mobile airwaves a decade ago.

Nifty Outlook 

   Trend: - Consolidate  
   Resistance: - 5900, 5960
   Support: -5790, 5740
   Strategy: - Sell On High

Bank Nifty Outlook 

   Trend: - Consolidate
   Resistance: -12530, 12750
   Support: -12250, 12060
   Strategy: - Sell On High  

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