Mutual Fund News 28 November 2013

Markets opened on a flat note and remained volatile moving in a tight range for the whole session and settled on a flat note ahead of November F&O Expiry series. Nifty future on daily charts will remain in weak zone till it sustains below 23.6% retracement of 6082.

It is in a state of indecisiveness as it is moving in a range bound fashion. For the coming session, psychological support is seen near 6000 while 6110 as immediate resistance.

TREND: SIDEWAYS

SUPPORT      :  6030 & 5980

RESISTANCE:   6110 & 6150

DAILY MARKET REVIEWS

  • Sensex flat ahead of F&O expiry; Tata Motors up, Bharti down.
  • Rolta India gets USD 25 mn 3D city modelling project.
  • Wockhardt hit by FDA alert on Chikalthana plant.
  • NTPC tax-free bond issue to open on December 3.
  • United Spirits rallies 3% as Diageo acquires 19 lakh shares.

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Source :  Trifid Research

 

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