Weekly Stock Market Report

Hello,

Markets drift lower
Markets traded in a narrow range for a major part of the week as the Nifty traded within the 5400-5540 range till Thursday. However, Friday's sell-off led to a break down from this range as the Nifty shut shop below the crucial supports of 5400. W-o-W, the Nifty lost 2.11%. The Sensex lost 2.14% over the same period.

Outlook next week
With the markets plunging again and failing to hold on to Thursday's gains, the bears remain in control. Crucial Nifty supports to watch now are at 4350. A failure to hold on to these levels could see the Nifty targeting the 5200-5150 levels in the weeks to come. Any pullback rallies could find immediate resistance at 5473-5500.

Also read weekly market wrap by India Infoline and PeSB.

Do help your friends by forwarding this email to them.

Please Note:

1. To make sure that our email does not go to your spam/junk folder, please add 'mailer@freetipsforever.com' email id to your contacts/address book.
2. To subscribe to this free newsletter and get free stock tips on mobile, ask your friends to sms FSTIPS <friend's email id> to 5607008.
3. For discussing everything related to Stock Market and Investing, please visit www.InvestorDost.com

Warm Regards,
Stock Market News Team

................................................................
This email is being sent to you as you have subscribed to our free newsletter service where we send stock market news, tips, research reports, etc. for free. Ask your friends to subscribe to this free service by visiting www.freetipsforever.com. For unsubscribing from the newsletter, please click here.