Monday 1 December 2014

WEEKLY UPDATES FOR MARKET

NEWS INSIGHT


  • Q2 GDP growth at 5.3% versus 5.2% YoY; slower than Q1 growth of 5.7%
  • ONGC lines up $3 billion investment in Mozambique
  • Sebi fines 6 merchant banks for disclosure lapses in CARE IPO
  • CAG wants Rs 2,179 crore of RIL's KG-D6 cost disallowed
  • April-October fiscal deficit nears 90% of full-year target
  • Essar Group's planned oil-for-steel deal tests Iran sanctions
  • Rouble sinks to all-time low at opening, RTS hits lowest in 2014

NIFTY ANALYSIS


  • Positional Support for NIFTY 8370
  • Positional Resistance of NIFTY is 8630
  • Immediate resistance for NIFTY is 8615
  • Intraday Support of NIFTY is 8530
  • Oscillator Analysis The oscillator is showing BUY signal
  • Short Term Oscillator Analysis- The signal is BUY
  • Market has made a new life time high and is trading with volume. New high can be expected in near term.

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