MARKET WRAP
- Sensex dropped 0.49% @ 19,484.77pts; Nifty dropped 0.59% @ 5,903.50pts.
- European major indices DAX, FTSE and CAC were up from 0.24% - 0.54%
- NASDAQ was down 0.11% while Dow Jones Industrial Ave. was down 0.30%.
Sensex slipped 95.55@19484.77; Nifty dropped 35.30pts@5,903.50. Sensex fell on Friday for a seventh consecutive session to the lowest close this year as Mahindra & Mahindra as well as cement makers such as Abuja and ACC retreated after earnings missed estimates. Also strong dollar over INR impacts Software majors to move up.
NIFTY OUTLOOK
Trend: - CONSOLIDATE
Resistance: - 5950, 6000
Support: - 5850, 5800
Strategy: - Sell on High
BANK NIFTY OUTLOOK
Trend: - CONSOLIDATE
Resistance: -12420, 12560
Support: -12250, 12120
Strategy: - Sell on High
Stock Tips
Buy pantaloon at 335.55
sl 332.5
tgts 338.5 -341
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