Market View: 23-27 Sep 2013

Filed in Market Update by on September 23, 2013 0 Comments
Week Market View: 23-27 Sep 2013
Market This Week Last week the NIFTY closed above the psychological barrier of 6000. This ensured that the bulls are still in race. Now, every time the NIFTY would touch those levels, you can expect it to fall on account of profit booking. Remember, the fundamentals are still not very good and the rallies are not fundamentally backed. Technically the NIFTY has not shown a very positive pattern on the chart. Due to this, wild swings are expected and there are high chances of stop losses getting triggered. To add further fuel to the fire, this week marks the end of September derivative expiry. Expect high volatility this week. Trade with caution!
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 16-Sep-2013  -78.70
2 17-Sep-2013 313.70
3 18-Sep-2013 351.30
4 19-Sep-2013 525.60
5 20-Sep-2013 3558.40

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