equity market analysis news on 18th december

Sensex down by 0.38%@19244.77pts;Nifty down by 0.37%@5857.90pts. European majors CAC down 0.05%, DAX & FTSE up by 0.32% & 0.26% resp. Nasdaq was down 0.70% while Dow Jones Industrial Avg. was down 0.27%.

indore, India (prHWY.com) December 18, 2012 - Market wrap

Sensex closed down 72.48pts@19244.77;Nifty closed down 21.70pts@5857.90. The
Market fell on Monday, led by declines in technology stocks on caution ahead of a
scheduled meeting between the management and analysts later in the day, will deliver a
downcast view on the sector. TCS provisionally fell 3%, while Infosys ended 0.9% lower.

NIFTY SPOT TREND-CONSOLIDATE
RESI 1: 5890
RESI 2: 5930
SUPP 1: 5840
SUPP 2: 5775
STRATEGY: SELL ON HIGHS

BANK NIFTY FUTURE TREND- CONSOLIDATE
RESI 1: 12550
RESI 2: 12625
SUPP 1: 12400
SUPP 2: 12300
STRATEGY: BUY ON DIPS

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