MARKET SUMMARY NOV MONTH

November was not the good month for the bulls , overall market was in correction face , where all the indices which had gained more then what they expect got corected.

stocks like REL , RNRL , RPL, MAYTAS infra , DLF , UNITECH , almost all frontliners got corrected .
MID caps were in action for some time till sensex had given even correction to frontliners but at one point of time the frontliners started looking cheap and they again gained focus .

NIFTY was having support at 5470 which got brokeen so the immediate support of 5400 was made . As of now 5400 will remain as rock solid support for nifty and it traded in range of 5500-5700 for quite a few days .

Bears tried to win over bulls but bulls always fighted back and alwaz made a impressive comeback in the markets.

RPL did the trick in the end of F&O expiry as we always told our readers about the rumurs in the market and that what happened , we saw a huge short covering in RPL in the end which make the counter to jump from 188 lvls to 223 in intraday position.

Afetr a global rally in last week , Indian markets did'nt perform that much due to F&O expiry but certain scripts alredy started moving .

FRESH highs were seen in Neyveli lignite , HDIL , Indiainfoline , jp assoc , essar oil
15 more scripts gt added to F&O which make these scripts to have couple of circuits like ISPAT , DCB , WWIL , gitanjli gems, ..

As of now nov series was not god as FII almost pulld out $1.26 B from indian markets . and ahesd of holiday season we are not sure that fresh money would be pumped in .


Some imp announcement taht came in last week like

Sebi has also reduced the minimum application value in IDR from Rs 2,00,000 to Rs 20,000.Sebi has also made permanent account number (PAN) mandatory in public and rights issue. Until now, PAN was mandatory for application value exceeding Rs. 50,000.The market regulator has also said that a company can issue shares to retail investors and retail shareholders provided the discount does not exceed 10% of the price at which shares are issued to other categories of public

Dec. 11 is a crucial day for world markets, as the fed will meet to assess the impact of the previous rate cuts and consider further monetary easing. Right now, Wall Street is betting on a 25 basis point reduction in the benchmark fed funds rate. Though, positive economic reports, like yesterday's upwardly revised GDP numbers (4.9% growth in Q3), could dim the prospects of another rate cut from the Fed.


As of now the start for the DEc series was go0d , with The Sensex closed at 19363, up 359 points while Nifty closed at 5762, up 128 points from the previous close. The BSE Midcaps Index was up 2.2% and BSE Smallcaps Index up 1.3% and all the other sectoral indices were also in the positive with big gains. The market breadth closed positive with advances at 815 against declines of 378 on the NSE...

Have a great weekend ..