equity tips:commodity tips ::Market technically analyzed reports on 17th dec

Sensex closed up 0.46%@ 19317.25pts; Nifty up 0.48%@ 5879.60pts. European majors DAX up 0.19% & CAC, FTSE were down 0.06, 0.12resp. NASDAQ was down 0.72% while Dow Jones Industrial Avg. was down 0.56%.

indore, India (prHWY.com) December 16, 2012 - Market wrap

Sensex closed up 87.99pts @19317.25; Nifty closed up 28.10pts @5879.60 The Market
closed Friday's session in the green, snapping a five-day losing streak as lenders such
as ICICI Bank gained after lower-than-expected inflation data reinforced hopes the RBI
will start cutting interest rates in Jan. ICICI Bank provisionally rose 1.5%, while SBI 2.8%.

Technical Outlook

Nifty

Trend: - Consolidate
Resistance: - 5920, 5970
Support: -5820, 5750
Strategy: - BUY ON DIPS

Bank Nifty

Trend: - Consolidate
Resistance: -12625, 12750
Support: -12400, 12250
Strategy: - BUY ON DIPS

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Categories: Finance

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