WEEKLY REPORT

                                                                             DATE: 30/11/2015

FUNDAMENTAL VIEW:

• In the upcoming week, market movement will depend upon a number of factors like: outcome of the RBI rate-setting meeting on December 1, September quarter GDP data, Passage of the goods and services tax (GST) bill in the ongoing Parliament session.

• The Central Bank is expected to hold its policy rate at 6.75 per cent next week to stifle inflation.

• India's gross domestic product (GDP) data for the September quarter, which will be out on Monday, November 30.

• All eyes will be on Automobile stocks after the release of monthly sales data for November on Tuesday, December 1. Maruti Suzuki, Tata Motors, Ashok Leyland, Hero Motocorp, Bajaj Auto, Mahindra & Mahindra, TVS Motor and Eicher Motors will be in focus this week.

• In the coming week, FED and ECB will be in news. 

• The US Federal Reserve is scheduled to meet to decide on interest rates, In mid-December (i.e. on 15th-16th), which will provide key triggers for the market.

• December 2nd is scheduled for Speech of Chair Janet L. Yellen Economic Outlook at the Economic Club of Washington, Washington, D.C. at 12:25 p.m.

• Data on Friday is expected to show that U.S. non-farm payrolls.

• This week include the Organization of Petroleum Exporting Countries (OPEC) meeting on Friday 4th Dec.

• IMF's decision Monday 30th Dec on China's currency and China PMI.

• In the upcoming week, European Market will keep a close eye on the monetary policy meeting of the European Central Bank on December 3, where European Central Bank is expected to increase fiscal stimulus.

TECHNICAL VIEW:

• Nifty 50 is trading around 7940..60 {resistance zone}.

• Above this zone it can show up move upto {8110-8220}.

• It can show some cooling signals and can come down around 7900-7860-7840 levels.