Market View: 16-20 Dec 2013

Filed in Market Update by on December 16, 2013 0 Comments
Week Market View: 16-20 Dec 2013
Market This Week Last week the NIFTY dragged after a euphoric opening on monday. All the sectors including Banking, Infrastructure, Retail, IT took a beating. The fall was mainly because of profit booking and high inflation numbers. Now technically, the markets are still well poised as this fall should just be treated as a correction. However, the support level i.e 6100 is very close to the current NIFTY levels. Hence, we need to be a little cautious and be somewhat on the sidelines. If NIFTY falls below 6100, it could slip further down and stop losses would trigger. If 6200 is crossed then we could again see NIFTY rallying towards 6250-6300.
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 09-Dec-2013  
2 10-Dec-2013 3375
3 11-Dec-2013 431
4 12-Dec-2013 982
5 13-Dec-2013 239

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