Equity Tips: commodity tips :Recommendations and Analysis for 29th November

Sensex closed up 0.16%@ 18537.01pts; Nifty gained by 0.17%@5635.90pts. European majors CAC, DAX & FTSE were down 0.63%, 0.24% & 0.43%.resp. NASDAQ was up 1.38% while Dow Jones Industrial Avg. was up 1.35%.

indore, India (prHWY.com) November 29, 2012 - Market Wrap

Sensex closed up 305.07pts @18842.08; Nifty closed up 91.55pts @5727.45.TheEquity
market benchmarks rallied around 2 percent, lead by FMCG, banking and metal shares
gained between 1.4-2.1 percent, United Spirits, Suzlon, Unitech and Videocon Industries
were the star performers of the day, gaining between 7-20 percent.The country's second
quarter growth rate is likely to drop to a nearly three and half year low of 5.1 percent.

TECHNICAL OUTLOOK:

NIFTY SPOT TREND-BULLISH
RESI 1: 5780
RESI 2: 5860
SUPP 1: 5690
SUPP 2: 5630
STRATEGY: BUY ON DIPS

BANK NIFTY FUTURE TREND- BULLISH
RESI 1: 11800
RESI 2: 11950
SUPP 1:11500
SUPP 2: 11330
STRATEGY: BUY ON DIPS
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Tag Words: stock tips, commodity tips

Categories: Business

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