equity market analysis news 13 dec

Sensex down by 0.16%@19355.26pts;Nifty down by 0.18%@5888.00pts. European majors CAC down 0.05%, DAX & FTSE up by 0.32% & 0.26% resp. Nasdaq was up 1.18% while Dow Jones Industrial Avg. was up 0.60%.

indore, India (prHWY.com) December 12, 2012 - Market wrap

Sensex closed down 31.88pts@19355.26;Nifty closed down 10.80pts@5888.00.The
Market fell for a fourth consecutive day on Wednesday as Hindustan Unilever was hit by
worries it will have higher royalty payments, but non-banking stocks rose after the
government reached an agreement with the opposition over a banking amendment bill.

NIFTY SPOT TREND-CONSOLIDATE
RESI 1: 5950
RESI 2: 6000
SUPP 1: 5830
SUPP 2: 5780
STRATEGY: SELL ON HIGHS

BANK NIFTY FUTURE TREND- CONSOLIDATE
RESI 1: 12510
RESI 2: 12670
SUPP 1: 12270
SUPP 2: 12120
STRATEGY: SELL ON HIGHS

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