NIFTY OUTLOOK FOR 3rd DECEMBER AND MARKET REVIEW OF 2nd

MID SESSION BETTER

Nifty gained for the Second day in December series and closed above 6200 mark. Stop loss for Nifty long positions may be trailed to 6100 on close basis.  Nifty spot is expected to encounter resistance at 6255, 6290 and find support at 6180, 6145 for Tuesday. 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 particularly in the mid session.

 Nifty                               6218        +42

Review for Monday, 02^nd December, 2013 :: Bullish Bias amid Narrow movement ..!!

Market traded in a narrow range with bullish bias and closed with a gain of about 0.75%. All sectoral indices barring Energy closed in the green and notable gainers include Pharma, Media, Infra, Metal. 35 of Nifty stocks gained and broader market too was positive with Advance Decline ratio placed at 1.6:!. Ranbaxy, Jindal Steel, Sun Pharma, HCL Tech and Wipro  remained  major gainers among Nifty stocks while Hind Unilever, Power Grid, GAIL, ONGC, MAruti  remained losers among Nifty stocks. 

Among F&O stocks,  Ranbaxy, Jindal Steel, JSW Energy, Sun Pharma, HCL Tech     remained  major gainers  while Unitech, Hind Zinc, Hind Unilever, GAIL, Power Grid and Exide      remained  losers.

Inputs provided by

Dr.Bhuvanagiri Amaranatha Sastry

Astro Technical Analyst

Saketha Consultants, Hyderabad

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

09848014561