SELL ESS DEE ALUMINIUM ABOVE 345
TG-342/338.5/334.5
SL-349
BUY CMC LTD. ABOVE 1350
TG-1358/1368/1380
SL-1337
PREMIUM CALL:
SELL AMARA RAJA BATTERIES ABOVE 279
TG-274/269
SL-284
Sensex closed flat 0.00%@19,663.64 pts; Nifty dropped 0.29%@5,951.30 pts.
European market majors CAC, DAX & FTSE were down from 0.07% -0.50 %.
NASDAQ was up by 0.51 % & Dow Jones Industrial Avg. was up by 0.60 %.
Sensex closed flat 0.09pts@19,663.64; Nifty closed red 17.35pts@5,951.30. Today market fall as caution ahead of inflation data next week hit banks & outperforms ONGC.Software major Infosys gained 16% as better than expected results. Also IIP contracted to a four-month low of 0.1% in Nov. due to poor performance in production of capital goods.
MARKET OUTLOOK
NIFTY
Trend: - Consolidate
Resistance: - 5980, 6040
Support: - 5920, 5860
Strategy: - Sell on High
BANK NIFTY
Trend: - Consolidate
Resistance: -12750, 12900
Support: -12550, 12400
Strategy: - Sell on High
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