Nifty Future Update And Market Trend
12/07/2015

Indian markets edged down. Sensex & Nifty down by 1.88% and 2.02%

Online PR News – 07-December-2015 – indore/madhya pradesh – Indian indices moved in minor bearish trend during the week on the back of weak global sentiments. Stocks on Wall Street rallied on Friday after strong jobs data made it almost certain the Federal Reserve would raise interest rates in two weeks. US stocks jumped more than 2%, with the Dow industrials and the S&P 500 posting their biggest gains in three months. All 10 major S&P 500 sectors climbed except the energy index, which fell after the OPEC failed to cap near-record output. Indian indices performed under pressure. Nikkei Purchasing Managers Index (PMI) fell to 50.1 point in Nov. from 53.2 in Oct. The Nov. reading is close to 50 points, which represent flat activities in the sector. Beside, services companies’ confidence in terms of outlook for the next 12 months dropped to the lowest level in 10 year owing to difficult economic condition and weak demand. FIIs pulled out Rs. 1745 Cr. From the Indian market on Friday. Investors from abroad have pulled out Rs. 4100 Cr. During the week. World markets trend moves mixed during the week. USA, Asian and Euro markets were consolidate on positive note during the week. DAX and CAC closed negative by 4.80% and 4.37% each. FTSE100 index went down by 2.15%; S&P 500 closed negative by 1.29%; NASDAQ were up by 0.29%. In Asian market Nikkei went down by 1.91%. HangSeng went up by 0.76% & KLSE went down by 0.87%. Jakarta was down by 1.14%, Straits Times up by 0.70% and Seoul closed on negative note by 2.69%.
NSE GAINERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Tata Steel 240.25 231.25 9.00 3.89
Dr. Reddy's Lab 3195.50 3099.30 96.20 3.10
IndusInd Bank 942.95 923.35 19.60 2.12
Sun Pharma Ind 755.40 739.85 15.55 2.10
Cairn India 139.35 136.70 2.65 1.94
NSE LOSERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Bank of Baroda 166.90 179.60 -12.70 -7.07
Punjab National Bank 134.50 144.30 -9.80 -6.79
Bharti Airtel 321.30 342.20 -20.90 -6.11
Kotak Mahindra Bank 664.65 698.75 -34.10 -4.88
HDFC 1171.60 1230.60 -59.00 -4.79
TECHNICAL VIEW
NIFTY WEEKLY OUTLOOK
Trend: - Consolidated
Resistance: - 8000, 8150
Support: - 7800, 7620
Strategy: - Buy on dips
BANK NIFTY WEEKLY OUTLOOK
Trend: - Consolidated
Resistance: - 17550, 18015
Support: - 16860, 16370
Strategy: - Buy on dips

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