Market View: Week Starting 28 Oct 2013

Filed in Market Update by on October 28, 2013 0 Comments
Week Market View: Week Starting 28 Oct 2013
Market This Week Towards the end of last week, the NIFTY suffered some minor losses. The rally that we are seeing is due to massive liquidity flowing from the FII’s. Though we are optimistic on the times to come, we need to be cautious as the fundamentals are not very strong domestically and internationally. Liquidity could dry up any time and the markets might take a U-turn in no time. For the current week, the focus is totally on the RBI policy being announced this week. The market is expecting a 25 basis point increase in repo rate and a 20-50 bps cut in MSF (Margin Standing Facility). Anything beyond this would spoil the festive season. 6050 will come as a support and 6250 as a strong resistance for NIFTY this week. We need to be a little cautious!
FII Inflow
Sr.No Reporting Date Net Investment (In Crores)
1 21-Oct-2013 1723.60
2 22-Oct-2013 1001.60
3 23-Oct-2013 800 
4 24-Oct-2013 645.50
5 25-Oct-2013 991.70

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