Market View: 27-31 May 2013

Filed in Market Update by on May 27, 2013 0 Comments
Week Market View: 27-31 May 2013
Market This Week After 5 consecutive bullish weeks NIFTY closed below by almost 3% last week. This was primarily on account of profit booking. Technically on the charts, NIFTY is not able to break its all-time high resistance level and every time it comes close to breaking it, there is profit booking and a fall. Finally the NIFTY closed below the important levels of 6000. We have something to worry for here. If the NIFTY breaks the 5950 levels, we could further see a massive fall. As long as the 5950 level is not taken off we are good. This week the market will be a lot more volatile due to MAY derivative expiry. We must be a little cautious. If possible stay away from the market for this week.
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 20-May-2013 761.90
2 21-May-2013 520.50
3 22-May-2013 2323.40
4 23-May-2013 -659.80
5 24-May-2013 -2478.40

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