Weekly Market Pulse – 7 April 2014

Weekly Market Pulse                                                                                                      April 7, 2014

 

Sensex closed at 22359, a rise of 20 points as compared to a rise of 584 points in the previous week. Sensex made a new all time high of 22620 Sensex is in strong uptrend and continue to be remaining in uptrend with higher volatility. Most of the leading indicators are in overbought territory.

Market Pulse April-7-2014

Market Pulse April-7-2014

Technical Levels

Support Levels

21480

21320

21000

Resistance Levels

Uncharted Territory

Uncharted Territory

Uncharted Territory

                                                           

Weekly FII Figures:

Buying

Selling

Net

Comments

22193.70Cr

17301.6 Cr

4892.1** Cr

 FIIs were Net buyers with huge volumes

                                                                                                                            

Weekly Mutual Fund Figures:

Buying

Selling

Net

Comments

1866.60 Cr

2801.50 Cr

(934.90)**Cr

   MFs were Net sellers with good volumes

                                                                                                            **Data not available for MAR 31 & 1 APR

Market Gossip/Rumours:

No Trading recommendation for the week.

 

Market Outlook: 

Market is in strong uptrend. Be cautious 

 

Disclaimer                      

This document has been prepared on the basis of public available information, internally developed data and other sources believed to be reliable , Innovative Consultants does not warrant its completeness and accuracy .Whilst we are not soliciting any action based upon this information , all care has been taken to insure that facts are accurate and opinions given fair and reasonable. This information is not intended as an offer or solicitation for the purchase of sale of any financial instrument. Recipients of this information should rely on their own investigations and take their own professional advice. Neither innovative Consultants nor its employees shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages including loss profits arising in any way from the information contained in this material.

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