Sensex fell 0.86% @ 18,631.10 pts; Nifty dropped 0.92 % @ 5,652.15 pts. NASDAQ was down 1.52 %, Dow Jones Industrial Average was down 0.81%. France's CAC , Germany's DAX & Britain's FTSE dropped 0.32 % - 0.43 %.
(prHWY.com) October 11, 2012 - indore, India -- Market Wrap
Sensex fell 162.26 pts @18,631.10 while Nifty dropped 52.45 pts @ 5652.15, weighed
down by banks, technology, infrastructure and metals stocks. Market dropped due to the
wake of downgrade warning by rating agency S&P and profit booking. Weak global
economic growth & concerns over ongoing Eurozone crisis also added fuel to the fire.
TECHNICAL OUTLOOK
NIFTY
Trend: - Consolidate
Resistance: - 5700
Support: -5620, 5
Strategy: - Sell on High
BANK NIFTY
Trend: - Consolidate
Resistance: -11450
Support: -11250,
Strategy: - Sell on High
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