Equity Market: Recommendations and Analysis for 16TH OCTOBER
Sensex raised 0.21% @18,713.55 pts; Nifty raised 0.20 % @ 5,687.25 pts. NASDAQ was down 0.17 %, Dow Jones Industrial Average was up 0.02 %. Britain's FTSE , Germany's DAX & France's CAC were up 0.49% - 1.34 %
(prHWY.com) October 16, 2012 - indore, India -- Sensex raised 0.21% @18,713.55 pts; Nifty raised 0.20 % @ 5,687.25 pts.

NASDAQ was down 0.17 %, Dow Jones Industrial Average was up 0.02 %.

Britain's FTSE , Germany's DAX & France's CAC were up 0.49% - 1.34 %

Market Wrap

Sensex up 38.37 pts @18,713.55 while Nifty raised 11.20 pts @ 5687.25. Today Indian

shares closed flat to higher after recouping losses in afternoon trade following positive

European cues. Inflation came in at 7.81 % for the September, which was slightly higher

compared to 7.55 % in August due to hike in diesel price by Rs 5 a litre in last month.

TECHNICALVIEW

NIFTY

TREND-CONSOLIDATE


RESI 2: 5760

SUPP 1: 5640

SUPP 2: 5560

STRATEGY: BUY ON DIPS


BANK NIFTY

BANK NIFTY FUTURE TREND- CONSOLIDATE

RESI 1: 11600


RESI 2: 11750

SUPP 1: 11400

SUPP 2: 11300

STRATEGY: BUY ON DIPS

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