Market View: 07-11 Oct 2013

Filed in Market Update by on October 7, 2013 0 Comments
Week Market View: 07-11 Oct 2013
Market This Week The current market scenario can be termed as a traders market where the NIFTY is range bound between 5500-6000. The only thing that makes sense is to trade on the rise and keep a low profile around the lows. This week, the earnings season will kick-off with Infosys announcing its results. Besides IT companies, not much is expected from the other sectors. The entire week and the month of October is likely to remain volatile. A lot will depend on the earnings and also what the FEd decides in terms of tapering. The important support for NIFTY would be 5750 where 6000 could come as a strong resistance.
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 30-Sep-2013 -170.60
2 01-Oct-2013 -524.50
3 02-Oct-2013  
4 03-Oct-2013 -86.30
5 04-Oct-2013 1165.90

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