Market View: Week starting 29 Jul 2013

Filed in Market Update by on July 29, 2013 0 Comments
Week Market View: Week starting 29 Jul 2013
Market This Week This is an important week for the market as lot of events like the FED meeting, RBI policy meet and declaration of Q1 results by companies are about to happen. The falling rupee had been a worry for the economy for quite some time. Last week the RBI took some measures for it and the ripple effect of it would be seen from this week onwards. Technically on the charts the NIFTY looks weaker. A good support for it would be seen at 5750. The chances of NIFTY crossing 6000 are very less. We must wait for a favorable policy from RBI for the next direction of the market. This week looks a little negative and we must be on the sidelines and remain passive.
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 22-Jul-2013 -459
2 23-Jul-2013 -111.50
3 24-Jul-2013 52.90
4 25-Jul-2013 -972.40
5 26-Jul-2013 605.30

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