Sensex raised 0.93% @ 18,804.75 pts; Nifty raised 0.99 % @ 5,708.05 pts. NASDAQ was down 0.43%, Dow Jones Industrial Average was down 0.95%. France's CAC , Germany's DAX & Britain's FTSE were up 0.49 % - 0.74 %.
(prHWY.com) October 12, 2012 - indore, India -- Market Wrap
Sensex raised 173.65 pts @18,804.75 while Nifty raised 55.90 pts @ 5708.05 ahead of
Infosys earnings & industrial output data tomorrow, and on hopes of more reforms
following clearance to direct urea subsidy transfer, which led fertiliser stocks 3-4 percent
higher. The Indian rupee too rebounded, rising 33 paise to 52.71 against the US dollar.
TECHNICALVIEW
NIFTY
Trend: - Consolidate
Resistance: - 5750
Support: -5650, 5
Strategy: - Buy on Dips
BANK NIFTY
Trend: - Consolidate
Resistance: -11680
Support: -11390,
Strategy: - Buy on Dips
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