||16-20th JUL 2012
|Market This Week
||Last week was quiet with a 1% drop in NIFTY. There was improvement in monsoon with the deficit coming to 23% form the earlier mark of 30%. Monsoon may still catch up and that is a positive sign. This week we have first quarter earnings from RIL and presidential elections as the major stories. The overall sentiments look positive as the government is likely to take corrective actions and key reforms are likely to be passed after the Presidential elections on July 19. The FII investments last week proves that. On July 31 RBI is also likely to cut rates. This would bring some fresh cash flow into the market. The NIFTY will decide its further course of action based on the outcome of these crucial events. The critical support for it will be 5150. If Nifty breaches it, we might see 5000 levels. Till we are above 5150, we will be range bound range between 5190-5300 mark.
||Net Investment (In Crores)
|Strategy For The Week
- Investors should remain on the sidelines and wait for this week to pass.
- Traders should consider Pharma sector as their best bet. Follow strict stop-losses. Invest only 10% of total capital available.