Market View: 08-12 Jul 2013

Filed in Market Update by on July 8, 2013 0 Comments
Week Market View: 08-12 Jul 2013
Market This Week Last week the market took a strong support at levels which we mentioned earlier and the NIFTY hit high of 5900. The major reason for this small rally was the government’s decision to double gas prices. However a weak rupee and rising crude is still a worry. This week the market is likely to be range bound between 5750 and 5900. These are the important support and resistance levels respectively. It is safe to trade as long as NIFTY is in this range. We need to keep a watch on the quarterly results which would be kicked-off by Infosys. Opportunities would be seen. 
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 01-Jul-2013 -465
2 02-Jul-2013 -242
3 03-Jul-2013 -2028
4 04-Jul-2013 -1082
5 05-Jul-2013 -1148

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