equity analysis news 10dec

Sensex closed down 0.32%@ 19424.10pts; Nifty down 0.40%@5907.40pts. European majors CAC, DAX & FTSE were down 0.09%, 0.07% & 0.06% resp. NASDAQ was up 0.52% while Dow Jones Industrial Avg. was up 0.30%.

indore, India (prHWY.com) December 10, 2012 - Sensex closed down 62.70 pts @19424.10; Nifty closed down 23.50 pts @5907.40.
Today market closed red on profit booking after the government has mustered support in
the Rajya Sabha too in favour of FDI in retail sector. Retail stocks Pantaloon, Trent &
Phoenix Mills closed in green, while Shoppers' Stop lagged behind. RIL slipped 0.9 %.

Technical outlook

Nifty

Trend: - Consolidate
Resistance: - 6000, 6050
Support: -5850, 5800
Strategy: - Sell On High

Bank Nifty

Trend: - Consolidate
Resistance: -12500, 12600
Support: -12300, 12200
Strategy: - Sell On High

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