Market View: 06-10 Aug 2012

Filed in Market Update by on August 6, 2012 0 Comments
Week 06 -10 Aug 2012
Market This Week Last week was very good for the markets despite the RBI keeping rates unchanged. The FII’s played their part with huge investments. Our market view would have definitely helped our clients to make money where we saw a 10% rally in all our recommended stocks. The key is to be disciplined and keep following the market updates. This week too looks good for the market as the FII’s are sitting on huge piles of cash. This would make its way into India at any point this week and we might see decent rallies. The global markets have rallied to more than 10% last week and Indian markets too have followed them closely. Also Chidambaram has come back to office as a finance minister and financial reforms are expected. Monsoon situation has improved over the country and the situation is not grim as it was in 2009 (Nevertheless to say that monsoons no longer affect the market as they used to earlier though the agricultural yield will definitely be affected). The only small hiccups that can impact the markets is rising crude and rupee-dollar fluctuations. Overall, this week too looks good for trading.
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 30-Jul-2012 229.20
2 31-Jul-2012 301.80
3 01-Aug-2012 928.10
4 02-Aug-2012 630.90
5 03-Aug-2012 180.20
Strategy For The Week
  • Investors and traders should take advantage of this week to make money. Recommendations would rally!

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