MARKET WRAP
Indian market ended flat, nifty below 6k, down 13.5 pts & sensex down 45 pts.
Euro markets were down 0.90% - 1.20% with DAX worst, down 1.16% at 6975.
Dow future was up 17 pts and Asian markets were choppy due to low volumes.
Indian equity market ended flat on negative bias due to negative global cues & profit booking which led Nifty ending below 6K level. Nifty lost 13.5 pts to end at 5998 & Sensex settled at 20028, down 44.5 pts. European markets were down as euro debt fear weighs on equity markets. Asian markets were choppy & Dow future was up 17 pts.
TECHNICAL VIEW
NIFTY
Trend: - Consolidate
Resistance: - 6025, 6050
Support: - 5965, 5940
Strategy: - Sell on highs
BANK NIFTY
Trend: - Consolidate
Resistance: - 11575, 11720
Support: - 11410, 11260
Strategy: - Sell on highs
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