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India
Market Forecast

By Vivek Gupta, CMT , Director Research, CapitalVia Global Research Limited 26 Dec 2014, 05:59 pm

Market Forecast
After bouncing from the major psychological support level of 8000, Nifty November Future series given the positive opening this week and traded volatile in later week as traders roll overed their position in derivative segments and Winter session of parliament ended this week but government was unable to pass key legislative reforms bills passed but government approved 100 % FDI in medical devices via the automatic route. Market breadth turned negative from positive in mid of the weekly trading sessions as a result of assembly poll of Jammu & Kashmir and Jharkhand state. FII were net seller in this week also.

Nifty January Future series given closing at 8269 with the net weekly change of 29.15 points.

Movement of rupee, trend of the global market and investment by FII may affect market movement in near term. Auto mobile stock may remain in focus as most of these companies will declare their sales number in early week.

Nifty Future may remain in range in near term and is likely to continue its northward journey with the crossing of the resistance level of 8375, if it continues to sustain above the support level of 8150.

Air New Zealand to host one ...

Air New Zealand has announced plans to host a live inflight concert, ‘SYNTHONY in the Sky’, on Dec 4 aboard Flight NZ1331 from Auckland to Sydney.

Qatar Airways to commence o ...

Qatar Airways will move its New York operations to The New Terminal One at John F. Kennedy International Airport (JFK) in 2026. As part of the relocation, the airline plans to open a 15,000-square-foot lounge, its first dedicated facility in both New York City and the United States.

Air Canada flights remain g ...

All Air Canada planes remained grounded late Saturday despite the Canadian government intervening to end a strike called by cabin crew members that resulted in hundreds of flights being cancelled and triggered chaos, media reports said.