Markets to remain range-bound this week: experts
Dalal street is expected to remain range-bound this week and corporate earnings and global cues, especially developments related to Greek debt turmoil, are likely to set the tone, say experts.
The week will see stock-specific activity amid second quarter earnings announcements. Besides, news from Greece, rupee movement, Eurozone crisis, US job data will again dominate markets this week, market analysts said.
“Market is trading in a very small range, there will be volatility and market will take cues from how the Eurozone and how Greece problem is going to be resolved. Any negative news is sharply going to hammer down the market. The undertone of the market will be range-bound and weak,” Ashika Stock Brokers Research Head Paras Bothra said.
Unicon Financial’s CEO Gajendra Nagpal, however, believes that “markets have more or less discounted the Eurozone crisis. Markets will be stable with the undertone being cautiously bullish”.
The way the markets have closed on Friday, gives the feeling that Dalal street will take a breather and will be rangebound, Nagpal added. Source: Business Standard
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
