Market View: 01-05 Jul 2013

Filed in Market Update by on July 1, 2013 0 Comments
Week Market View: 01-05 Jul 2013
Market This Week As told last week the NIFTY stabilized at 5500. It did not break further. That’s the power technical analysis can give you and we are happy for all those who covered their SHORTS at the 5500 level. A good rally was seen on Thursday and Friday which made the NIFTY touch 5842 i.e.. 3% higher. Now the all-important mark for all of us to watch would be 5750. If NIFTY breaks below this, it would crumble down to 5500. On the higher side there would be a strong resistance at 5950. We are safe to trade for this week as long as NIFTY is trading above 5750.
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 24-Jun-2013 -978.20
2 25-Jun-2013 -2708
3 26-Jun-2013 -3598
4 27-Jun-2013 -995
5 28-Jun-2013 -691

Leave a Reply

Your email address will not be published. Required fields are marked *