Weekly Market Pulse 24 March, 2014

                                                                                           

 

   Weekly Market Pulse  – March 24, 2014

 

Sensex closed at 21754, a fall of 56 points as compared to a fall of 110 points in the previous week. Sensex made a high of 22023 & now taking a pause at the current levels of 21700-21800 as we can see that the fall is not supported by the volumes. 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 graph 24 march 2014

market graph 24 march 2014

 

Technical Levels

Support Levels

21480

21320

21000

Resistance Levels

Uncharted Territory

Uncharted Territory

Uncharted Territory

                                                           

Weekly FII Figures:

Buying

Selling

Net

Comments

17261.5 Cr

12732.20 Cr

4529.3 Cr

 FIIs were Net buyers with good volumes

                                                                                                                            

Weekly Mutual Fund Figures:

Buying

Selling

Net

Comments

1656.30Cr

2219.50 Cr

(563.2)**Cr

   MFs were Net sellers with good volumes

                                                                                                            **Data not available for MAR 17

Market Gossip/Rumours:

No Trading recommendation for the week.

 

Market Outlook: 

Market is in strong uptrend. 

 

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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