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Weekly Report ( with charts )


The only highlight of this trading week was that Gold touched an all time high after advancing more than 3 % ..Whie Silver could've have fared better still it did well.The reason that i keeping Silver above 50k is the depreciation of Inr because as we can see internationally it has fallen from 48-49 $ levels to arounf 28 ..a loss of more than 405 while on the indian index silver has only lost about 25% of its value while the rest of the fall being compensated by the currency devaluation.


The Turnover details for FII and DII for the week are given here ( all fig. in crores )


Trade DateFII BuyFII SellFII NetDII BuyDII SellDII Net
01-06-20121791.482011.86-220.38865.54660.04205.50
31-05-20126379.647045.40-665.761323.221589.60-266.38
30-05-20122192.442203.18-10.74558.13740.74-182.61
29-05-20121539.211448.7190.50727.89927.29-199.40
28-05-20121233.831124.95108.88664.38496.68167.70

                                                             Source : Bseindia / appuonline

 FII and DII were net sellers for the week on indian bourses thus ending a month of substantial downside.The month may also remain to be rangebound for equity to give way to the upside for the next quarter. For this the markets should not lose much this month and allow for a base building process for the next move at these levels.Thus for any major position we would wait for the month of june to close on a rangebound or a mild positive note.

As for the compulsive Traders this week may not yield much. Yes some stocks like Reliance , Rcom , Indhotels are at very good levels as far as long term investments are concerned but willl still prefer waiting for a breakout of the fall they are currently in.

Here are some charts that may interest you

Gold price action 


Silver Moving in a channel..Should breakout soon 
Nifty Facing Short Term resistance .. Upside possible if Crosses.




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