Sensex down by 0.85%@19817.63pts;Nifty down by 0.90%@6001.85pts.
European majors CAC, DAX & FTSE down by 0. 33%, 0.27% & 0.52% resp.
Nasdaq was down 0.22% also Dow Jones Industrial Avg. was up 0.20%.
Sensex closed down 169.19pts@19817.63;Nifty closed down 54.75pts@6001.85.The Market fell on Wednesday after two days of gains, led by declines in rate sensitive stocks, after the RBI chief was reported by media as saying inflation was "still quite high" ,on hopes of a 50 basis points rate cut this month. ICICI & SBI fell by 2.2%, 2.6% resp.
NIFTY OUTLOOK
Trend: - Consolidate
Resistance: - 6050, 6140
Support: -5940, 5870
Strategy: - Sell On high
BUY TIMBOR HOME LIMITED ABOVE 64.5
TG-66/68
SL-63.4
BUY HDIL FUTURES ABOVE 122
TG-122.4/123/123.8
SL-121.7
BANK NIFTY OUTLOOK
Trend: - Consolidate
Resistance: -12850, 13000
Support: -12300, 12500
Strategy: - Sell On high
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