Sunday 24 November 2013

Weekly Outlook

As anticipated,  markets corrected this week.    But the kind of closings seen over the past two
trading sessions is worrisome.    Having said that,  Nifty may only consolidate at these levels and
remain volatile in this upper band as this week involves November series expiry.

Markets will be watching India Money Supply (M3) data on Nov. 27 and Q2 GDP data on
Nov. 29.

                                                       Nifty Levels
Resistance        2                                 6100
Resistance        1                                 6040
Support             1                                 5950
Support             2                                 5930


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