European markets were down; with FTSE worst; Dow Futures was down 94. | Indian market ends with losses: Nifty losing 39 pts, Sensex losing 126 pts.
(prHWY.com) May 31, 2012 - indore, India -- MARKET WRAP
Indian market ends with losses: Nifty losing 39 pts, Sensex losing 126 pts.
European private loans y/y came at 0.3%; M3 Money supply y/y came at 2.5%.
European markets were down; with FTSE worst; Dow Futures was down 94.
The markets lost significantly today with the auto sector taking a beating because of lower than expected numbers from Tata Motors. Other sectors that closed with sharp declines included consumer durables, realty, banking and capital goods. European market was red with DAX down 41 pts; CAC down 28 pts & FTSE losing 66 pts at 5325.
TECHNICAL OUTLOOK
Nifty
Trend: - Consolidate
Resistance: - 5020, 5100
Support: - 4800, 4800
Strategy: - Buy on Dips
Bank Nifty
Trend: - Consolidate
Resistance: - 9700, 9950
Support: - 9300, 9100
Strategy: - Buy on Dips
The market is in consolidation state and seems to recover in a short period of time, the analysis and the charts along with nifty gainers and losers are being mention in the report.
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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http://www.theequicom.com/
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