#Nifty Morning Outlook on 25-11-2014 Nifty future opening expected flat in the range of 8540 – 8550 ahead of mixed Asian markets. Nifty: According to Pivot points table support for Nifty Future prices at 8510 and 8480 level. 8573 and 8674 found resistance to the nifty future. #BankNifty: According to Pivot points table support for Bank Nifty Future prices at 18100 and 17875 levels. 18430 and 18575 found resistance to the Banks nifty. USDINR Movement: On 24th November USD/INR closed positive at 61.94 (+0.15) on NSE. FII and DII activities in cash segment: On 24-11-2014 FII net bought equities worth Rs 169 crs While DII also net bought worth Rs 137.59 crs #Stocks to watch: #RCOM Plans to raise funds by issuing US dollar-denominated debt instruments to refinance USD 255 million of overseas loans -Proceeds will be used to repay existing foreign currency debt to avail of longer maturity redemption period #CoxAndKings Has raised Rs 1000 crore through its qualified institutional placement (QIP): Mint -Shares were sold at Rs 305/share and 90 percent of it was lapped up by foreign institutional investors Technical Cues: #OFSS has taken strong support near its 200 DM at 3195 and prices are sustaining above these levels. 2 Consecutive closing above 335 can lead to a rally of 8-10% from current levels. #RelianceIndustries has given closing above its 100 DMA after almost 2 and a half months. Also took a good support at its 200 DMA at 965 level in recent lows. Prices are expected to be more positive in near term and one can go Buy above 1009 for positional trade. #MajorEconomicalEvents: Govts public debt rises to Rs 49.6 lakh cr at Sept-end Indias public debt increased to Rs 49.6 lakh crore at the end of the July-September quarter of 2014-15, up 2.8 percent over the previous quarter. The Public Debt of the Central Government (excluding liabilities under the Public Account) provisionally increased to Rs 49,60,472.3 crore as at end-September 2014 from Rs 48,27,485.6 crore at end-June 2014, a Finance Ministry report said. It further said the internal debt constituted 91.7 percent of public debt at end of July-September quarter, compared with 91.5 percent at the end of the previous quarter. Marketable securities accounted for 83.9 percent of total public debt as compared with 83.5 percent as at end-June 2014. The outstanding internal debt of the government at Rs 45,49,351.3 crore increased marginally to 40.1 percent of GDP at end September 2014 from 38.9 per cent as at end-June 2014, it said. The external debt amounted to about Rs 4.11 lakh crore. It further said that the G-Sec market opened the second quarter of 2014-15 steady but remained cautious ahead of Annual Budget. Market worries relating to higher fiscal deficit in the first two months of the financial year drove the yields marginally higher to quarter high in mid July 2014.
Posted on: Tue, 25 Nov 2014 03:51:42 +0000
Trending Topics
Recently Viewed Topics
© 2015