Daily Nifty Market Analysis and Report 9/dec/2013 | Nifty Outlook

ECONOMY ANALYSIS

• Promoters’ FCCB conversion to boost networth: Essar Oil
• Worst over for steel sector; gross debt at Rs 21000cr: SAIL
• Cairn India bids for one block in Sri Lanka; OVL skips
• See FY14 E&C margins at 11.5%; 50 bps variance likely
• FIPB meeting on Vodafone proposal postponed to Dec 9
• FIIs focused on company fundamentals, not exit polls
  
  
  MARKET ANALYSIS
  
  The Nifty witnessed some buying action towards the end of session and closed near day’s high led by gains in power, banks and capital goods sectors. The market is expected to witness sharp swing in trade early next week after the state election results are out.
  The Nifty closed at 6,259.90, up 18.80 points or 0.30 per cent. bIt touched a high of 6,275.35 and a low of 6,230.75 in trade today.
  The 30-share index ended at 20,996.53, up 38.72 points or 0.18 per cent. It touched a high of 21,049.84 and a low of 20,922.98 in trade today.
  The foreign institutional investors bought shares worth Rs 1,151.51 crore while domestic institutional investors were net sellers worth Rs 674.02 crore on Thursday as per the provisional data from the National Stock Exchange.
  
  
  
  DAILY PIVOTS
  
  INDEX                 S1       S2         PP       R1       R2
  NIFTY                6244    6215    6259    6289    6304
  BANK NIFTY    11643  11515  11706  11834  11898..
  

Daily Nifty Market Analysis and Report 9/dec/2013 | Nifty Outlook

Free Nifty Tips, Nifty Option Tips, Stock Option Tips, Stock Options Tips, Nifty Options Tips , Share Tips  , Nifty Options Calls