NIFTY OUTLOOK FOR 29th NOVEMBER

SECOND HALF SUBDUED

Nifty closed with a gain of more than 0.50%. It continues to remain neutral  range between short term support and resistance. 6025 can be considered strong short term support and 6175 can be considered resistance.  Nifty spot is expected to encounter resistance at 6135, 6170 and find support at 6055, 6020 for Friday. While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market is expected to be generally better in the forenoon and might face selling pressure in Second half of the day.

 Nifty                               6092        +35

Review for Thursday, 28th November, 2013 :: Generally Better  ..!!

Market opened better and traded in a narrow range and closed with a gain of  more than 0.50% but November Derivative series ended up with a loss of about 3%. All sectoral indices closed in the green and notable gainers include Infra, Media, Realty, Metal, Energy etc., 46 of Nifty stocks gained and broader market too was positive with Advance Decline ratio placed at 1.6 :1JP Associates, BHEL, Grasim, Power Grid  remained  major gainers among Nifty stocks while Cairn, Cipla, Tata Motors, NMDC  remained losers among Nifty stocks. 

Among F&O stocks,  Voltas, Dish TV, Adani Enterprises, JP Associates     remained  gainers  while Grasim, Hind Zinc, Federal Bank, Tata Motors DVR      remained  major losers. 

 

Inputs provided by

Dr.Bhuvanagiri Amaranatha Sastry

Astro Technical Analyst

Saketha Consultants, Hyderabad

He can be reached @sastry.saaketa@gmail.com

09848014561