Weekly Review of the Market : 4th Apr to 8th Apr 2011

by khalid on 10/04/2011 · 0 comments

Last Week ( 4th Apr to 8th Apr 2011 ) :-

Sensex was up 0.10% (30 points) to close at 19451 levels on a week-on-week basis. The FIIs were net buyers throughout the week and due to their buying spree the market was traded high most of the days of the week.

The S&P CNX Nifty also closed in GREEN by 15 points or 0.20% to close at 5842 levels on a week-on-week basis.

Last week most of the activities were in Mid Cap and Small Cap stocks and these two index increased by 2.73% and 5% respectively.

Coming Week ( 11th Apr to 15th Apr 2011 ) :-

Infosys and Essar Oil to declare their Q4 FY11 results in the coming week and this will decide the market movement. Overall short term trend continues to remain positive as long as Nifty sustaining above the range of 5600-5650, where it has crucial support from the 200 days EMA which is placed at 5610 levels and also coincides with the 50% retracement of the recent rally from 5350 to 5944.

Stay tuned to BelltheBull Blog for more news on Indian share market !

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