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 @email@example.com