Saturday, 29 November 2014

WEEKLY MARKET ANALYSIS FOR 01/12/2014

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

http://www.researchvia.com/free-trials/
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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