Monday 24 November 2014

WEEKLY MARKET ANALYSIS FOR EQUITY

NEWS INSIGHT


  • Weekly Wrap: M&A nudge, global cues boost Sensex 1%; PSBs zoom
  • Winter Session: Modi picks up economic reform pace, opposition remains
  • Draghi throws door to QE wide open as recovery wanes
  • China surprises with interest rate cut to spur growth
  • FII limit in Power Grid hits trigger
  • Forex reserves up by $ 419.4 million to $ 315.55 billion
  • Astral Poly Tech acquires 76% in Resinova for Rs 213cr

NIFTY ANALYSIS


  • Positional Support for NIFTY 8320
  • Positional Resistance of NIFTY is 8493
  • Immediate resistance for NIFTY is 8423
  • Intraday Support of NIFTY is 8365
  • Oscillator Analysis The oscillator is showing BUY signal
  • Short Term Oscillator Analysis- The signal is BUY
  • Trade above 8420 will result in formation of new support at 8410 and new high can be seen in Index.



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