Equity Market: Recommendations and Analysis for 18TH OCTOBER

Summary: Sensex raised 0.18% @18,610.77 pts; Nifty raised 0.22 % @ 5,660.25 pts. NASDAQ was up 1.21%, Dow Jones Industrial Average was up 0.95%. Market Wrap Sensex raised 33.07

indore, India (prHWY.com) October 18, 2012 - Market Wrap
Sensex raised 33.07pts @18,610.77 while Nifty raised 12.25pts @5660.25.It was
completely a lackluster session for the market on today despite positive global cues.
Sensex gained more than 100 pts in early trade following strong US earnings that lifted
US markets 1% yesterday. But at end market saw a consolidation for rest of the session.

TECHNICALVIEW

NIFTY SPOT TREND-CONSOLIDATE
RESI 1: 5725
RESI 2: 5810
SUPP 1: 5585
SUPP 2: 5500
STRATEGY: BUY ON DIPS
BANK NIFTY FUTURE TREND- CONSOLIDATE
RESI 1: 11550
RESI 2: 11700
SUPP 1: 11250
SUPP 2: 11100
STRATEGY: BUY ON DIPS

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