Sunday, 12 May 2013

Weekly Outlook

Nifty is inching upwards on low volumes.    It seems there is no conviction
in the ongoing uptrend.    On the technical chart,  market is trading in an
overbought zone.

I will not be surprised if market takes a breather.    If the upcoming quarterly
numbers do not meet street's expectations or the inflation numbers disappoint
then, a correction cannot be ruled out.

1 comment:

  1. Wall Street slides as investors fret about retail. US stocks fell on Thursday after worse-than-expected sales drops at Macy's and Kohl's sparked a selloff in shares of department stores and stirred fears that consumers are not spending enough to drive strong economic growth.capitalstars