Market View: 25-29 Mar 2013

Filed in Market Update by on March 25, 2013 0 Comments
Week 25-29 Mar 2013
Market This Week Last week the markets saw almost a 4% correction. The 5850 support of the NIFTY was taken off and as predicted, the market slipped further. The week was just awful, but our recommendations still performed well with Gujarat Alkaline leading and giving 18% returns in just 3 days. In the short term, there is an absence of any good news flow. Firstly, we had the bank expose on three private banks. Then we had the Cyprus crisis and finally, we had the DMK pulling out of the UPA government. So there is a scarcity of any good news. This week is a short one with just 3 trading sessions. It also marks March expiry on the derivative front. The market will remain weak with a strong resistance coming at 5650 and 5550 coming in as a support. Have a stock specific view.
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 18-Mar-2013 1172.50
2 19-Mar-2013 535.40
3 20-Mar-2013 146
4 21-Mar-2013 -150
5 22-Mar-2013 411

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