TRADING STRATEGY FOR 13TH JANUARY 2014
The market closed the week in the negative with the Sensex at 20758 losing 92 points over the previous week while the Nifty ended at 6171 declining by 39 points. Shares of capital goods, banking, power, reality, consumer durables and metals declined while FMCG, IT and tech shares rose on good buying support. Investors will be keenly watching Q3 results of prominent companies namely TCS, AXIS Bank, Bajaj Auto, Reliance, HDFC Bank, among others during the week coupled with CPI/WPI data for December '13 which may set the short term trend for the market. Readers are advised to trade with caution ahead of Q3 reporting season.
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