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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.

Malaysia Airlines adds mor ...

Malaysia Airlines will expand its South India network by adding more flights on the Kuala Lumpur–Trivandrum route to meet rising demand, the airline said. From September 12, the carrier will operate five weekly services, with daily flights to start from December 1.

IndiGo brings Europe and th ...

IndiGo has expanded its codeshare agreement with KLM, the Netherlands’ national airline, providing its passengers with enhanced access to destinations across Europe and the United Kingdom through KLM’s network, the airline said.

Etihad Airways and Azul Bra ...

Etihad Airways and Azul Brazilian Airlines have signed a frequent flyer partnership, allowing members of Etihad Guest and Azul Fidelidade programme to earn and redeem loyalty points across both airlines.