Market View: 24-28 Jun 2013

Filed in Market Update by on June 24, 2013 0 Comments
Week Market View: 24-28 Jun 2013
Market This Week Last week we saw huge selling which kept the market volatile and bearish. It has been nice for all of us to keep away from the markets for the last couple of weeks. One can rarely make money in volatile markets. This week marks the end of June derivative expiry. Though the first half of the week will be range bound and calm, the second half of the week would be volatile. All important resistance for NIFTY would be 5700. Until this level is taken off, the bears would be in command. The important support which NIFTY is likely to take and stabilize would be 5500. It is not likely that NIFTY would break this support. Investors should start short-coverings at this levels. Let’s have a wait and watch attitude this week as well. Follow strict stop losses.
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 17-Jun-2013 -3149.10
2 18-Jun-2013 132
3 19-Jun-2013 -583.90
4 20-Jun-2013 -381.50
5 21-Jun-2013 -3060.20

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