NIFTY AND BANK NIFTY TRENDS WITH MARKET RECAP

MARKETWRAP

 Sensex down 0.41%@19564.92 pts; Nifty down0.48%@5914.10 pts.

 European indices DAX - 0.12%, CAC & FTSE were up from 0.02% -0.05%.

 NASDAQ was up with 0.26% while Dow Jones Ind. Avg. was up with 0.35%.

Sensex down 81.29@19,564.92 Nifty down 28.25@5,914.10.Beating estimates, the Index of Industrial Production (IIP) for January was recorded at 2.4 percent and economists believe the number signals bottoming out of slowdown in growth for the industrial segment. Consumer price index (CPI) number coming in at 10.9 percent.

NIFTY OUTLOOK 

 Trend: - BULLISH 

 Resistance: - 5970, 6050 , Support: - 5850, 5778 

 Strategy: - Consolidate

BANK NIFTY OUTLOOK 

 Trend: - BULLISH 

 Resistance: -12250, 12390 , Support: -12000, 11805 

 Strategy: - Consolidate

Stock Tips 

Buy JetAirways 582 583 tgt 586 590 sl 573

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