Nikkei put on 1.1% @ 95.40 pts, SSE Composite Index also up by 25.01pts.
(prHWY.com) May 23, 2012 - Ahmedabad, India -- MARKET WRAP
Nikkei put on 1.1% @ 95.40 pts, SSE Composite Index also up by 25.01pts.
Nifty ended down losing 45.55 pts, Sensex ended down losing 156.85 pts.
Dow Jones Ind. Avg up 135.10 pts, Nasdaq also up 68.42 pts.
The BSE Sensex and NSE Nifty fell as much as 1.1% each on Tuesday, weighed down by sharp depreciation in the rupee. However, the global markets stayed positive, even after Fitch downgraded Japan to A+ from AA. MSCI's global equity index rose 0.5% for a gain of about 1.7% from lows hit last week when investors shunned riskier assets.
TECHNICAL OUTLOOK
Nifty
Trend: - Consolidate
Resistance: - 4920, 5000
Support: - 4800, 4720
Strategy: - Buy on Dips
Bank Nifty
Trend: - Consolidate
Resistance: - 9350, 9550
Support: - 8980, 8800
Strategy: - Sell on High
We at The Equicom Financial are providing daily reports for the equity and commodity market. The report consists of nifty and bank nifty analysis along with the latest market predictions and analysis. The research team members are experienced enough and put lots of efforts to make the analysis of charts.
We provide tips in all the segments of the stock and commodity market with an accuracy above 90% and the tips are given by the analyst through technical and fundamental analysis. The tips are sure to recover the losses and also help in making maximum profit from the minimum investment.
For getting an insight on the report please have a look at the link below
http://www.theequicom.com/reports_files/DAILY%20NEWS%20LETTER%2021.05.2012.pdf
or visit our site here
http://www.theequicom.com/
or call us at 0731-6458808,09200009266
###