Equity Tips: commodity tips :Recommendations and Analysis for 5th November

Nifty and Sensex were almost flat; gains 0.24, 0.40% respectively this week. U.S. Unemployment claims came at 363K; ISM Manufacturing PMI at 51.7. U.S. & Euro market were mixed; Asian markets too were mixed last week.

indore, India (prHWY.com) November 5, 2012 - Indian markets ended with gain on Friday wiping out almost half of previous day's loss,
gain in Mfg sector, Auto sector major Maruti Suzuki, Bajaj Auto, IT majors TCS, Wipro
lead the market. The earnings season is well underway, & will vie for investors' attention
in the coming week as well. Technically Nifty may is expected to remain consolidate or
a short term range bound movement this week; Nifty this week may range 5550-5820.
The RBI on Tuesday cut the cash reserve ratio (CRR) by 25 basis points to 4.25%, but
kept the key policy rates including the repo rate unchanged. The CRR cut is meant to
inject Rs 17500 crore into the banking system. It is intended to pre-empt prospective
liquidity crunch. The reverse repo, at which RBI absorbs excess liquidity through
borrowings from banks, remains at 7 percent . Retail inflation for industrial workers
in September declined marginally to 9.14 percent from 10.31 percent in previous month.

TECHNICAL OUTLOOK
NIFTY SPOT TREND-CONSOLIDATE

RESI 1: 5690

RESI 2: 5790

SUPP 1: 5590

SUPP 2: 5500

STRATEGY: BUY ON DIPS


BANK NIFTY FUTURE TREND- CONSOLIDATE

RESI 1: 11500

RESI 2: 11650

SUPP 1: 11250

SUPP 2: 11100

STRATEGY: BUY ON DIPS
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