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The last weekly closing for NIFTY was at 6317. This week NIFTY opened at 6282 and after making the high of 6304 it touches the low of 6120 and closed the week near the low at 6140. Total lose for the NIFTY in this week is 177 points. The losers of the week were BANKS, FMCG, RIL etc and gainers were CNX-IT.
Important results for the upcoming week are NHPC, RELINFRA, RPOWER & SAIL: November 11, 2013; CANBK, GMRINFRA, HINDALCO, HPCL & TATAGLOBAL: November 12, 2013; BPCL, CIPLA, COALINDIA, ONGC, TATASTEEL & SBIN: November 13, 2013; IRBINFTRA & UNITECH: November 14, 2013. With this we will end this result season. Here you can find more detail on upcoming results.
Telecom stock IDEA is the new entry in bull market. After touching 188 it is near 164. Near 150, it should have good support. Long term investors can hold it for the coming year.
In the coming week NIFTY may be loser for the first two or three days. We may see a narrow range for NIFTY.
As expected last week INR was under pressure. In the coming week the first four days looks weak for INR. It may be able to gain only on the last day of the week.
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