Stock Market Prediction For 22 May

Nifty ended moderately up gaining 14.6 pts, Sensex ended up 30.51 pts.

mumbai, India (prHWY.com) May 22, 2012 - MARKET WRAP

Nikkei put on 0.3% @ 22.58 pts, SSE Composite Index also up by 3.78 pts.

Nifty ended moderately up gaining 14.6 pts, Sensex ended up 30.51 pts.

Dow Jones Ind. Avg slips 73.11pts, Nasdaq also losing 34.90 pts.

The BSE Sensex and NSE Nifty closed flat on Monday after shedding all gains in late trade due to sharp record fall in rupee and erasing somewhat gains by European markets. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, buoyed by its technology sector which by far outperformed its peers with a 1.3% gain.

TECHNICAL OUTLOOK

Nifty

Trend: - Consolidate
Resistance: - 4970, 5050
Support: - 4830, 4750
Strategy: - Buy on Dips

Bank Nifty

Trend: - Consolidate
Resistance: - 9500, 9700
Support: - 9100, 8900
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


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Tag Words: mcx tips, intraday tips, stock tips, commodity tips

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