{LONGTERMINVESTORS} Fwd: Edelweiss Market Next - Sensex closes flat during a volatile week

---------- Forwarded message ----------
From: Market Next <marketnext@edelweiss.in>
Date: Fri, Apr 29, 2016 at 6:34 PM
Subject: Edelweiss Market Next - Sensex closes flat during a volatile week
To: stockdesai@gmail.com

April 29, 2016 Quick Links: Visit Website

Visit Edelweiss.in every day! A smarter place to make research-backed investments

In This Issue: • Market View • Sectoral Outlook • Technical Outlook Market View Indian market ended in the red during the week. Nifty and Sensex down this week by 0.63% and 90% respectively. In terms of sectors Construction, Media and Telecom were the winners of the week. Petrochemicals, Finance and Power sectors were the notable losers this week. Government may extend antidumping duty on a chemical from 6 nations: Government may further extend the anti-dumping duty levied on imports of a chemical, used in plastic and other industry, from six countries, including China and Korea, to protect domestic players from cheap shipments. In the final findings of the sunset review, Directorate General of Anti-dumping and Allied Duties (DGAD), has suggested the duty of up to Rs 379 per tonne on the imports of 'Poly Vinyl Chloride (PVC) Paste/ Emulsion Resin'. Government sees no sugar shortage in 2016-17: Government said there will not be sugar shortage in the country in the 2016-17 season starting October despite lower domestic output, as the total availability at 30-31 million tonnes would be suffice to meet the demand. The government's supply estimate for 2016-17 comes amid reports that India, the world's second biggest sugar producer after Brazil, might become a net importer due to likely fall in domestic sugar output in the wake of expected decline in cane production due to two consecutive years of drought. FDI in food processing: The Cabinet will soon take up the proposal to permit 100 percent foreign direct investment (FDI) in food processing sector through government approval route, sources said. The Department of Industrial Policy and Promotion (DIPP) had proposed to allow FDI in marketing of food products produced and manufactured in India after approval from the FIPB. Sources said that the government will not impose any conditions on the foreign players investing in the sector. Read More... FII and DII Flows Prominent Bond Yields INR Yields Domestic Quick Bites International Quick Bites Top 5 Gainers Top 5 Losers Technical Outlook Nifty ends April F&O expiry gaining 1.66% while April (M-o-M) gains at 1.4% to settle the week and month at 7,849. The week went volatile with US FED and BOJ keeping their key interest rate unchanged and on account of F&O expiry. The global markets were range bound to negative while Commodities witnessed bullish momentum. Silver and Crudeoil hits fresh 2016 highs of $17.88 and $46.62. On F&O expiry, Market-wide rolls stood at 81%, Nifty rolls at 74% and Stock Future rolls at 84%. Nifty ends the week at 7,849 losing 0.06%. Black Swan bearish harmonic pattern is visible on daily charts. Resistance at 14 months horizontal trendline stands at 7,980. Nifty hovers around 200DMA which is placed at 7,852. Divergence and southwards sloping on Stochastic suggests negative biased. On ADX, Bears are taking an upper hand. We expect to test 7,700 levels next week. The support for the week is 7,770-7,690 and resistance at 8,020-8,160. Click here to read more

Broking services offered by Edelweiss Broking Limited under SEBI Registration No.: INZ000005231 (NSE, BSE and MSEI); Research services offered by Edelweiss Broking Ltd. under SEBI Registration No. INH000000172. Investor grievance resolution team: 040-40316936. Name of the Compliance Officer: Mr. Dhirendra P. Rautela, Email ID: Complianceofficer.ebl@edelweissfin.com. Corporate Office: Edelweiss House, Off CST Road, Kalina, Mumbai - 400098; Tel. (022) 4009 4400/ 4088 5757/4088 6278 Disclosure  |  Disclaimer

T

​ 

--

CA. Rajesh Desai

--
You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
To unsubscribe from this group and stop receiving emails from it, send an email to longterminvestorsresearch+unsubscribe@googlegroups.com.
Visit this group at https://groups.google.com/group/longterminvestorsresearch.
For more options, visit https://groups.google.com/d/optout.