Market View: 13-17 Jan 2014

Filed in Market Update by on January 13, 2014 0 Comments
Week Market View: 13-17 Jan 2014
Market This Week Pathetic last week for the NIFTY. Volatile and directionless as predicted in the last weekly update. Stop losses triggered and investors who have been following the weekly update preferred to stay away. Good move! The only breather was the positive Infosys numbers which give further momentum to the IT sector for 2014. This week would be a similar one as last week. High volatility is expected. We must all stay away from the markets for this week too. High risk taking investors should be extra cautious. Note that our important support level of 6120 is still intact which implies that the bulls are very much in race. Strong resistance level is 6250. The range between 6120-6250 will be highly volatile. Stock specific movement will be seen due to the results numbers this week.
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 06-Jan-2013  -14
2 07-Jan-2013 -258
3 08-Jan-2014 -535
4 09-Jan-2014 168.50
5 10-Jan-2014 174.60

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