Weekly Market Pulse – February 10, 2014

Sensex closed at 20377, a fall of 137 points as compared to a fall of 620 points in the previous week. In the weekly chart below, we see that  Sensex at  10 has  made  a  hammer after a  downtrend in  a  support area. The  supports are the horizontal support  zone  formed by  points  1, 2, 3, 4 &  6, the  trendline T1,  and  the  red moving  averages.  Major international averages are also showing similar hammer like constructions. Hence we expect a respite from selling.

Market Pulse Graph

 

Technical Levels:

Support Levels

20200

19960

19800

Resistance Levels

20665

21000

21320

 

Weekly FII Figures:

Buying Selling

Net

Comments

11631.2 Cr 14808.9 Cr (3178.7) Cr FIIs were Net sellers with good volumes

 

Weekly Mutual  Fund Figures:

Buying Selling

Net

Comments

1946.7 Cr 1778.7 Cr (168)**Cr MFs were Net sellers with low volumes

 

**Data not available for Feb 07

Market Gossip/Rumours:

No Trading recommendation for the week.

Market Outlook:

Outlook in the immediate is sideways to mild positive.

Tagged with: , , , , ,
Posted in Market Updates

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Newsletter