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
Review for Monday, 02nd
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
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