{"id":683,"date":"2023-12-02T11:21:51","date_gmt":"2023-12-02T11:21:51","guid":{"rendered":"https:\/\/tradeplusonline.com\/tpblog\/?p=683"},"modified":"2025-08-18T07:40:45","modified_gmt":"2025-08-18T07:40:45","slug":"weekly-wrap-up-november-28-december-01-2023","status":"publish","type":"post","link":"https:\/\/navia.co.in\/blog\/weekly-wrap-up-november-28-december-01-2023\/","title":{"rendered":"Weekly Wrap-Up (Nov 28 \u2013 Dec 01, 2023)"},"content":{"rendered":"\n


During the shortened week, the Indian stock market did well and continued its winning streak for the fifth week in a row. This helped Nifty50 reach a new record high of 20,291.55 in the last session of the week. The positive momentum was driven by favorable global and domestic data, ongoing support from foreign investors, and reduced worries about interest rate hikes by the Federal Reserve (Fed) and the European Central Bank (ECB) in the future.<\/p>\n\n\n\n

Indices Weekly Performance<\/h2>\n\n\n\n
\"Indices<\/figure>\n\n\n\n

In this week, BSE Sensex added 2.29 percent to finish at 67,481, while Nifty50 gained 2.39 percent to end at 20,267.<\/p>\n\n\n\n

Indices Analysis<\/h2>\n\n\n
\n
\"Indices<\/figure>\n<\/div>\n\n\n

Nifty 50<\/p>\n\n\n\n

Nifty 50  behaved as previously mentioned in previous weekly reports that any close above the 19,900 levels will turn indices into and upside view<\/p>\n\n\n\n

As on Monday, Indian Markets were closed on account of Guru Nanak purab.<\/p>\n\n\n\n

As on Tuesday, Indices opened flattish and provided a breakout above 19,900 in second half<\/p>\n\n\n\n

As on Wednesday Nifty opened gap up by 100 pts and continued the rally by giving 206 pts gains in closing.<\/p>\n\n\n\n

On Thursday Nifty opened flattish positive and provided both side volatility during the session by closing in net gains of 36 pts .<\/p>\n\n\n\n

On Friday Nifty opened 60 pts gap up and made a new ATH ( all time high ) and closed with net gains of 134 pts<\/p>\n\n\n\n

Overall Nifty as mentioned previous week nifty gave an breakout from its consolidation zone and provided a rally . If we notice the high weighted stocks in Nifty 50 which are considered large caps stocks are 10%  to 15% away from there ATH\u2019S as this rally is providing strength to MID and SMALL cap stocks. Now this rally may continue as per news and impact in markets.<\/p>\n\n\n\n

Bank Nifty<\/p>\n\n\n\n

As on Monday, Indian Markets were closed on account of Guru Nanak purab.  <\/p>\n\n\n\n

As on Tuesday, Bn indices opened flattish and traded sideways forming a positive doji candle on daily time frame<\/p>\n\n\n\n

On Wednesday BN opened gap up and provided a breakout from its consolidation zone by closing in gains of 685 pts<\/p>\n\n\n\n

As on Thursday BN opened 150 pts gap up and faced a rejection from 44,814 resistance forming a retest candle.<\/p>\n\n\n\n

On Friday BN continued the positive upside move by closing 332 pts of gains Now overall Bank nifty has performed as mentioned in reports ( by taking a support from 200MA ) now if we observe BN has provided a recovery and has closed below 45,000 levels if this veles breahes and any close is provided above the same would a sign of healthy upside moment continuation<\/p>\n\n\n\n

Nifty Chart<\/h2>\n\n\n
\n
\"Nifty<\/figure>\n<\/div>\n\n\n

The Nifty has surpassed the 20,000 level yet again. The index has rallied around 11 percent so far in 2023, with various sectoral indices performing remarkably, rising by up to 60 percent.<\/p>\n\n\n\n

Now with N Coins<\/a>,<\/strong> Navia customers can actually #Trade4Free<\/strong>.<\/p>\n\n\n\n

INDIA VIX<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

A Positive change of 12.38 suggests a Increase in volatility compared to the previous week<\/p>\n\n\n\n

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Sectoral Performance<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

All the sectoral indices ended in the green with Nifty PSU adding 3.16 percent each, Nifty REALTY index up 2.86 percent, and Nifty MEDIA index up 3 percent.<\/p>\n\n\n\n

FII & DII Weekly Activity<\/h2>\n\n\n
\n
\"\"<\/figure>\n<\/div>\n\n\n

Overall FII\u2019s  have been positive in cash markets while DII\u2019s are also positive by being net buyers this week.<\/p>\n\n\n\n

Global Market<\/h2>\n\n\n
\n
\"\"<\/figure>\n<\/div>\n\n\n

GIFT Nifty :-<\/strong>  Gift Nifty has closed with a gains of 524 pts<\/p>\n\n\n\n

Dow Jones :-<\/strong>  DJI has closed with a gains 442 pts<\/p>\n\n\n\n

Nasdaq :-<\/strong>   Nasdaq has has closed with gains 15 pts<\/p>\n\n\n\n

S&P 500:-<\/strong>   SPX has closed with a gains of 35.31  pts<\/p>\n\n\n\n

Overall globals have end in a net gain  forming a  positive market this week<\/p>\n\n\n\n

Currency Indices<\/h2>\n\n\n
\n
\"\"<\/figure>\n<\/div>\n\n\n

Indian rupee recovered previous week losses and ended 8 paise higher at 83.29 in the week ended December 1 against November 24 closing of 83.37.<\/p>\n\n\n\n

Poll of the week<\/h2>\n\n\n\n

Q1 Why is India\u2019s central bank selling US dollars?<\/strong><\/p>\n\n\n\n

a) To boost the value of rupee
b) To prevent the rupee from reaching a record low<\/strong>
c) To reduce inflation in the Indian economy
d) To increase foreign exchange reserves

Last week’s poll answer: b) To prevent the rupee from reaching a record low<\/strong><\/p>\n\n\n\n

\n\n\n\n

Commodity Market<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Gold rises on growing prospects that the Fed’s tightening cycle may be over, as indicated by the overnight U.S. economic data that showed inflation continued to cool in October. The current resistance level (R1) is placed at 62,887, and the support level (S1) is placed at 62,250<\/p>\n\n\n\n

Over the past three trading sessions, silver has been trading at new levels, hitting a 19-week high in the previous two sessions, a level not seen since May. The current resistance level (R1) is placed at 78,454, and the support level (S1) is placed at 76,715.<\/p>\n\n\n\n

DID YOU KNOW?<\/h2>\n\n\n\n

Did you know that before the stock market officially opens, there’s a 15-minute window called the pre-open market session? Between 9 AM and 9:08 AM, investors can place orders, reacting to overnight news. The subsequent 9:08 to 9:12 period sees order matching and the calculation of opening stock prices. This strategic timeframe helps prevent extreme market volatility at opening, ensuring a smoother start to the trading day. The final 9:12 to 9:15 buffer session acts as a safeguard, confirming all processes are in order. This insightful market mechanism was introduced to maintain stability and provide a controlled environment for traders.<\/p>\n\n\n\n

\n\n\n\n

Refer your Friends & Family and GET 500 N Coins<\/a><\/strong>.<\/p>\n\n\n\n

Use N Coins to Redeem all Charges. #Trade4Free<\/strong>.<\/p>\n\n\n\n

Happy Learning,<\/p>\n\n\n\n

Team Navia<\/p>\n\n\n\n

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We’d Love to Hear from you-<\/p>\n\n\n\n

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DISCLAIMER: Investments in the securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Brokerage will not exceed the SEBI prescribed limit.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Indian stock market experienced a strong rally last week, with the Nifty hitting a new record high. Positive global and domestic factors, including reduced concerns over interest rate hikes, fueled the market’s upward momentum.<\/p>\n","protected":false},"author":1,"featured_media":4833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights"],"featured_image_src":"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2023\/12\/IPO-rewamp-27.png","author_info":{"display_name":"Navia Markets","author_link":"https:\/\/navia.co.in\/blog\/author\/tradeplusonline\/"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/comments?post=683"}],"version-history":[{"count":14,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/683\/revisions"}],"predecessor-version":[{"id":12547,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/683\/revisions\/12547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media\/4833"}],"wp:attachment":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media?parent=683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/categories?post=683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/tags?post=683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}