Equity Market: Recommendations and Analysis for 09th october

Falling global markets on weak economic growth & endless Eurozone concerns dented sentiment throughout the session

indore, India (prHWY.com) October 9, 2012 - Market Wrap
Sensex fell 1.21% @ 18,708.98 pts; Nifty dropped 1.23 % @ 5,676.00 pts.
NASDAQ was down 0.42 %, Dow Jones Industrial Average was up 0.26 %.
France's CAC, Germany's DAX & Britain's FTSE were up from 0.74% - 1.34%.
Sensex dropped 229.28 pts @18,708.98 while Nifty dropped 70.95 pts @ 5676.00. The
profit booking continued for the second consecutive session especially after the Nifty hit
5800 and Sensex hit 19000 levels last week. Falling global markets on weak economic
growth & endless Eurozone concerns dented sentiment throughout the session.
TECHNICAL OUTLOOK
Nifty
TREND-CONSOLIDATE

RESI 1: 5750

RESI 2: 5830

SUPP 1: 5630

SUPP 2: 5550

STRATEGY: SELL ON HIGHS
BANK NIFTY
TREND- CONSOLIDATE

RESI 1: 11575

RESI 2: 11725

SUPP 1: 11325

SUPP 2: 11175

STRATEGY: SELL ON HIGHS
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