MARKET WRAP
Sensex up 1.55%@18509.70 pts, while Nifty up 1.73%@5574.75 pts resp.
European indices CAC, DAX up from 0.79% & 0.35% while FTSE down 0.05%
NASDAQ was down 1.11% while Dow Jones Ind. Avg. was down with 0.76%.
Sensex down 291.94@18509.70 Nifty down 98.15@5574.75. The Nifty & Sensex is down near 1.65% breaking their 200-day moving average and heading to its second day of falls. Bank shares also fall a day after data showed advances grew at a slower pace in 2012/13 compared with a year earlier. ICICI & SBIN fall near 2 % at the end of the day.
NIFTY OUTLOOK
Trend: - CONSOLIDATE
Resistance: - 5642, 5730
Support: - 5500, 5423
Strategy: - SELL ON HIGH
BANK NIFTY OUTLOOK
Trend: - CONSOLIDATE
Resistance: -11330, 11552
Support: -11000, 10800
STOCK TIPS FOR THE DAY
Buy FINANTECH future
Target 740 SL 710
BUY PANTALLON AT 155-155.1
SL 152 TGTS 158-160
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