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08 Dec 2016 | 3:42 AM
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Monthly

Equity Research Report: Market Explorer - November 2015

Markets have been witnessing high volatility as global factors affecting more the domestic markets. Corporate earnings declared so far remain mixed. Results are still underway and market is expecting that the corporate Inc. will perform better going ahead. Going ahead, the ongoing second-quarter earnings season and key macroeconomic data in India will set the tone on the domestic bourses, outcome of Bihar elections, movement of rupee against the dollar and crude oil price will also influence near term trend.
05 Nov 2015 | 05:12 PM

  • Nifty witnessed swift rebound in the passing month and almost retested the upper trend line of the declining channel on weekly chart.
  • The Nifty chart shows sustainability above 8400 levels seems unlikely and we shall be seeing corrective move followed by consolidation in month of November. On downside, 7900-7750 zone holds strong support.
  • Stocks, on the other hand, will continue to trade volatile due to prevailing earning season and Bihar election results. We suggest traders to maintain balanced trading approach and keep both long and short positions.
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