Today's Equity Market Prediction with Charts and Figures 21 May 2012

Dow Jones Ind. Avg slips 156.06 pts, Nasdaq also losing 60.35 pts. | Nikkei slides 3%, suffers worst weekly longest losing run since 2001.

Chennai, India (prHWY.com) May 21, 2012 - MARKET WRAP

Nikkei slides 3%, suffers worst weekly longest losing run since 2001.

Nifty ended moderately up gaining 21.25 pts, Sensex ended up 82.27 pts.

Dow Jones Ind. Avg slips 156.06 pts, Nasdaq also losing 60.35 pts.

The Sensex and Nifty showed a nice rebound in late trade on Friday led by outstanding performance by SBI in fourth quarter numbers and sharp recovery in rupee from record low to near previous close. Global markets stayed under pressure due to Euro zone concerns, weak US data and cutting of debt ratings of 16 Spanish banks by Moody's.

TECHNICAL OUTLOOK

Nifty

Trend: - Consolidate
Resistance: - 4960, 5020
Support: - 4820, 4760
Strategy: - Buy on Dips

Bank Nifty

Trend: - Consolidate
Resistance: - 9450, 9700
Support: - 9050, 8850
Strategy: - Sell on High

We at The Equicom Financial are providing daily reports for the equity and commodity market. The report consists of nifty and bank nifty analysis along with the latest market predictions and analysis. The research team members are experienced enough and put lots of efforts to make the analysis of charts.

We provide tips in all the segments of the stock and commodity market with an accuracy above 90% and the tips are given by the analyst through technical and fundamental analysis. The tips are sure to recover the losses and also help in making maximum profit from the minimum investment.

For getting an insight on the report please have a look at the link below

http://www.theequicom.com/reports_files/DAILY%20NEWS%20LETTER%2021.05.2012.pdf

or visit our site here

http://www.theequicom.com/

or call us at 0731-6458808,09200009266

###

Tag Words: stock tips, nse bse tips, equity tips, gold silver tips, mcx tips, commodity tips

Categories: Finance

Press Release Contact
306 aollo trade center 0731-6458808,09200009266

Link To This Press Release:

URL HTML Code