Market View: 23-27 Jul 2012

Filed in Market Update by on July 23, 2012 0 Comments
Week 23rd -27th  JUL 2012
Market This Week Last week being silent and inactive, this week and the coming week will be crucial ones for the markets. With the new president getting elected and a new finance minister likely to join office, the government is bound to take some concrete decisions regarding the long pending reforms and finally deliver what the markets are expecting. Also we would definitely see some positive outcomes coming from the corporate earnings as well. On the negative side, we have weak global cues with news of a huge bailout for Spain and crude moving above $100. The markets also have their eyes on a prospective diesel price rise. Hence the entire environment is that of indecisiveness with key decisions pending. These decisions would create the next market move. Till then we would be on our back foots. Also this week being the expiry week, turmoil can be expected. The markets would be range bound for this week between 5050-5350. Any negative outcome from the government decisions would take us to 5000 on NIFTY. Also remember, that despite the turmoil the FII’s are still positive on the Indian growth story(FII data suggests that).
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 16-Jul-2012 379.6
2 17-Jul-2012 355.9
3 18-Jul-2012 570.7
4 19-Jul-2012 377
5 20-Jul-2012 214.8
Strategy For The Week
  • Investors and traders are advised to stay away or invest only 10% of their capital. Have a scrip specific approach. Observe strict stop losses.

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