Market View: 6-10 May 2013

Filed in Market Update by on May 6, 2013 0 Comments
Week Market View: 06-10 May 2013
Market This Week Last week we saw a good rally in our markets. It did close a little low due to the RBI policy but now the markets have shown a good positive trend with good FII buying. Though there are no events which could move the markets further, the market will be good for investing this week. The NIFTY is likely to consolidate between 5875-6000 range. There would come a strong psychological resistance at 6000. But that doesn’t bother us as a consolidation range is steady for investing with a stock specific approach. Note that any trigger below 5850 would call as a warning bell. Investors should be stock specific for this week.
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 29-Apr-2013 303.30
2 30-Apr-2013 660.70
3 01-May-2013  
4 02-May-2013 993.20
5 03-May-2013 1613.10

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