Date: 27.02.2012
Sensex
has support at 17,720 & 17,310
``The domestic markets on Friday fell for the third straight session as rising oil prices
and concerns over a widening fiscal deficit prompted traders to book profits ahead of the weekend.
The chances of monetary loosening by the RBI
were seen dwindling with the widening fiscal deficit and world oil prices
rising to a nine month high, thus broadening the
inflationary pressure.
While capital goods, realty and banks led the losers, metals, technology and IT led the gainers.
While the Sensex fell by 154.9 points or 0.9%
to 17,923.6, the Nifty fell to 5,429.3, down 54.0 points or 1.0%,`` said ICICIdirect.
``The Sensex has supports at 17,720 and 17,310
and resistances at 18,070 and 18,200 The Nifty has supports at 5,400 and 5,360 and
resistances at 5,460 and 5,500.`` www.goldennifty.com
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By
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