Sensex will reach 20,500-20,600 levels in the month of July and August 2013: In this present year in the month of July and August the Sensex will rise upto 20,500 above it may reach upt 20,600 here we give the sensex details of this july and August 2013. Important test ended in the green for the third consecutive week, after the U.S. Federal Reserve said it was a very accommodative monetary policy is necessary for the U.S. economy in the near future.
Moreover, the last day of the trading week, market sentiment has been further improved, supported by the good results of Infosys - star of the day - and the trade deficit figures. The trade deficit in June fell more than 39 percent this month to $ 12.24 billion.
Despite an uncertain macroeconomic environment, regulatory changes and volatile currency environment, Infosys reported good set of numbers in the first quarter and is cautiously optimistic for the remainder of the year. However, 10.6 percent of U.S. leadership, the company has maintained, are still far below the average industry expectations. The factory in India fell 1.6 percent in May, compared with 1.9 percent the previous month, after four months of growth in the industrial and mining sectors declined from a high level of last year.
Industrial growth in the volume of data also showed that growth in the manufacturing sector fell to less than 2 percent from 2.8 percent the previous month. The energy sector rose by 6.2 percent compared to 0.7 percent the previous month. The mining sector has dropped to less than 5.7 percent less than 3 percent (in a month). Earlier this week we saw the International Monetary Fund (IMF) predicts slower growth in India for FY14 to 5.6 percent against 5.8 percent is expected in April, says the risk of prolonged recession in emerging markets has increased because the internal capacity constraints , the slowdown in credit growth and weak external demand.
Rollercoaster in the second half of the week is considered the index rose nearly 3.4 percent. Sensex ended at 19,958.47, gaining 462.65 points, and the graceful ended in 6009, earning 141.10 points for the week.
On the daily chart, gifts, training bat is visible which is to be completed. Probably in the range of 6.135 to 6.153 Education is developing, where the price change will be around 5950 levels. Thrown by observing the Sensex chart head and shoulders training is seen that the code can take 20600. In the coming weeks we Nifty index remain volatile due to the rest of the season, but the level of 6.120 to 6.150 is on the cards. Expect In the Sensex, we expect to increase from 20.500 to 20.600. During the next week, our market will react to IIP and consumer price inflation, which was announced post-marketing. The next set of results T1 companies, data on inflation in wholesale prices in June 2013, trends in investing activities FIIs, the development of the world market and the movement of the rupee against the dollar markets and oil prices will be closely monitored. U.S. crude oil futures reached a 15-month high above $ 107 a barrel last week after U.S. stocks fell for a second week.
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