Wednesday 19 December 2012

Nifty Bank Nifty Levels for 20 Dec and Market Wrap



  • Sensex up by 0.57%@19476.00pts;Nifty up by 0.56%@5929.60pts.  

  •  European majors CAC, DAX & FTSE up by 0. 47%, 0.33% & 0.62% resp.  

  •  Nasdaq was up  1.46% while Dow Jones Industrial Avg. was up 0.87%. 


Sensex closed up 111.25pts@19476.00;Nifty closed up 32.80pts@5929.60. The Market rose for a second consecutive session on Wednesday  led by IT stocks after recent losses were seen as overdone and on hopes a resolution to the "U.S. cliff" standoff would improve the outlook for a key export market.TCS rose 1.8 %, & Infosys up 1.2 %. 

Nifty Trends 


  Trend: - Consolidate   
  Resistance: - 5970, 6040 
  Support: -5880, 5820 
  Strategy: - Buy On Dips  


Bank Nifty Trends 



  Trend: - Consolidate  
  Resistance: -12750, 12900 
  Support: -12360, 12150 
  Strategy: - Buy On Dips     

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