Market View: 17-21 Feb 2014

Filed in Market Update by on February 17, 2014 0 Comments
Week Market View: 17-21 Feb 2014
Market This Week Last week, NIFTY again respected the support levels of 6000. Nothing has changed much over last week and the strong NIFTY consolidation continues. Again, this is good from a long term perspective. The FII’s are selling but also seem to buy on dips. So no major cash-outflow is seen. Also there is no major panic in the global markets. Overall nothing to worry for us. Currently, NIFTY is just consolidating and we need to respect that fact. Though stock specific movement will be seen, still low risk taking investors should stay away from the markets. No substantial correction is expected but volatility will be seen which may cause stop losses to trigger. This week is likely to be driven by stories around the finance minister presenting the interim budget. The week will remain more or less flat.
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 10-Feb-2014 -253.40
2 11-Feb-2014 -437.70
3 12-Feb-2014 -200
4 13-Feb-2014 157
5 14-Feb-2014 389

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