MARKET OUTLOOK FOR THE NEXT WEEK 02/12/2013 to 06/12/2013

The passing F&O expiry week remained pleasant for Indian equity markets, which gaining for three out of five trading session
puffed up gains of over three percent, ended past the crucial 20,750 (Sensex) and 6,150 (Nifty) psychological levels
respectively.
Markets in the coming week would first react to the Q2 GDP numbers released after market hours on Friday. Additionally, in the
coming data heavy week which marks the start of fresh month, investors would first eye the release of HSBC Manufacturing
PMI data on December 2, followed by HSBC Service PMI data on December 4.
Further, while Auto and Cement companies would grab some attention as these companies will announce their monthly sales
figures in the coming week, telecom stocks too are expected to remain in limelight. EGOM on telecom headed by FM, is likely to
meet next week to discuss the long waited mergers and acquisition rules. while, the cabinet has already announced broad
guidelines with respect to M&A policy, the EGoM has to take call on pricing and fees related to M&A rules, which include
spectrum charges that an entity formed after merger would have to pay on its total holding, lock-in period of the merged entity
and a transfer fee on spectrum allocated to a company and gets moved to another entity within period of three years as result
of M&A.
Investors would continue to keep a track on Rupee and FII’s momentum. However, even DIIs trend would be watched after
they returned to the markets, by buying shares.
On the global front, investors would await the release of few economic data from US economy, starting from ISM Mfg Index
data on December 2, followed by International Trade, New Home Sales data, GDP data and finally, the Employment Situation
and Personal Income and Outlays data on December 6.

TECHNICAL LEVELS-INDICES-EQ

NIFTY PIVOT POINT                                     6130
NIFTY SUPPORT                                   6076 5977 5925
NIFTY RESISTANCE                              6229 6282 6381
SENSEX PIVOT POINT                                 20646
SENSEX SUPPORT                               20472 20153 19979

SENSEX RESISTANCE                         20965 21139 21459

MAJOR EVENTS FOR NEXT WEEK

2 DEC                   HSBC Mfg PMI Data+ ISM Mfg Data, ISM mfg index
3 DEC                   PPI IN EURO ZONE FOR OCT 13
4 DEC                   HSBC Service PMI data, Bal of trade for Oct, New Home sales data
5 DEC                   Initial jobless claims data
6 DEC                   Intl Trade, New Home sales data, ESPIO data in US