Market View: 20-24 May 2013

Filed in Market Update by on May 20, 2013 0 Comments
Week Market View: 20-24 May 2013
Market This Week Last week the market rallied for 5th consecutive week though there were a few hiccups at the beginning. The NIFTY touched a 30 month high of 6200. The rally was primarily fuelled by good FII inflows, under control inflation numbers and a positive global outlook. This week is likely to be a bullish one too. We just need to be cautious if the NIFTY touches 6300. At this level it is likely to face a strong resistance and hence we could see a fall at those levels. Till the time we are between 6100 and 6300 the bulls are in safe hands. Any trigger below 6100 would call for us to get into a “wait and watch” mode. 
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 13-May-2013 589.30
2 14-May-2013 480.90
3 15-May-2013 456.50
4 16-May-2013 1700.90
5 17-May-2013 1240.50

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