Equity Tips : Recommendations and Analysis for 05 Oct

Market Wrap

Nifty and Sensex both ended with marginal losses this week down 1.6%.

U.S. Unemployment claims came at 383K; Prelim GDP q/q came at 1.9%.

SSE Composite Index up 0.05%, Nikei down 1.2%, Hang Seng up 0.24%.

Delhi High Court has ruled in favour of Indraprastha Gas that IGL can charge Rs 38.58 for every million British thermal unit for transmission of gas against Rs 104.05 that it charges now. Gujarat Gas Company and Gail have gained 16.8% and 2.67%. India's manufacturing sector slipped in May o/p was impacted by slowing domestic order book.

TECHNICAL OUTLOOK

Nifty

Trend: - Consolidate

Resistance: - 4910, 5000

Support: -4780, 4700

Strategy: - Sell on Highs

BANK NIFTY

Trend: - Consolidate

Resistance: - 9450, 970

Support: - 9000, 88

Strategy: - Sell on Highs

We provide tips as

Stock tips, equity tips, stock future tips, stock cash tips, nifty future tips, option tips, bullion tips, commodity tips, agri tips.

The tips are provided through yahoo messenger and SMS.

If anyone interested to take services or tips which is generated through our expert research team member and earn profit in such bumpy market you can visit our site http://www.theequicom.com and fill the free trial form or call ay our customer care number 09200009266 or 0731-6458808