equity tips:commodity tips ::Market technically analyzed reports on 14th dec

Sensex closed down 0.65%@ 19229.26pts; Nifty down 0.62%@ 5851.50pts. European majors CAC, DAX & FTSE were down by 0.07 0.37% & 0.17% resp. NASDAQ was down 0.28% while Dow Jones Industrial Avg. was down 0.02%.

indore, India (prHWY.com) December 14, 2012 - Market wrap

Sensex closed down 126.00pts @19229.26; Nifty closed down 36.50pts @5851.50 The
Indian market extended losses in afternoon trade on account of profit booking, weighed
down by metals, FMCG, technology, healthcare, capital goods.ACC cement down by 2%
as the company is going to pay 1% royalty for technology transfer & ITC plunged 3.5.%

Technical Outlook

NIFTY SPOT TREND-CONSOLIDATE
RESI 1: 5920
RESI 2: 5970
SUPP 1: 5800
SUPP 2: 5750
STRATEGY: SELL ON HIGHS


BANK NIFTY FUTURE TREND- CONSOLIDATE
RESI 1: 12520
RESI 2: 12670
SUPP 1: 12270
SUPP 2: 12120
STRATEGY: SELL ON HIGHS

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Categories: Finance

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