Equity Tips: commodity tips :Recommendations and Analysis for 31 October

Sensex dropped 1.1%@18,430.85 pts; Nifty dropped 1.19% @ 5,597.90 pts. Asian market Hang Seng was down 0.38 %, Nikkei was down 0.98 %. Europe's major indices CAC, DAX & FTSC were up from 0.78% - 0.99%.

indore, India (prHWY.com) October 31, 2012 - Market Wrap

Sensex closed red 207.97 pts @18,430.85 while Nifty closed red 67.70 pts @ 5597.90.
Today market plummeted over 1 percent, after the RBI kept policy rates unchanged and
lowered GDP forecast significantly for FY13, in its half-yearly monetary policy review.
Rupee fell to a new five-week low after the central bank kept interest rates unchanged.

TECHNICALVIEW

NIFTY SPOT TREND-CONSOLIDATE
RESI 1: 5680
RESI 2: 5750
SUPP 1: 5550
SUPP 2: 5480
STRATEGY: SELL ON HIGHS
BANK NIFTY FUTURE TREND- CONSOLIDATE
RESI 1: 11450
RESI 2: 11640
SUPP 1: 11090
SUPP 2: 10900
STRATEGY: SELL ON HIGHS

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Tag Words: commodity tips, stock tips

Categories: Business

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