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Follow on Google News | Current Indian Stock Market Scenario for NRIs in NSE & BSE TradingIndian Equity Markets remained subdued throughout the week with indices losing by nearly 5% over the week (June 1st week).
The week started with the important support levels of 16000/4750 getting breached. As mentioned in our previous equity report, the Indian markets saw massive sell-off after this development. The indices reached near the next target support level of 4500. Though markets have fallen sharply there are no clear indication of bottoming out and further downside cannot be ruled out. We feel the next important support level is seen at 14700/4280. But before that big investors like person of india origin and overseas citizen of india can start investing in small quantity in selective stocks, they have to really time the market really well, and they need to diversify their investments between mutual funds and stocks. The support for the week is seen near 15100/4475 while the resistance for the week is seen near 16100/4800. In high volatility this band can stretch further to 14900/4400 and 16400/4850. We advise our clients to invest in indian stock markets with caution and with a long term view with a portfolio diversification view across various financial products like: stocks, mutual funds, commodities and futures. Source: http://www.nriinvestindia.com/ # # # About NriInvestIndia.com: Here at NriInvestIndia.com we focus in delivering value service to our NRI clients when it comes to their investments in the Indian stock markets – NSE & BSE. Our equity & mutual fund investment advising is structured to suit the investment objectives of the non resident Indian investor in a long run (including PIOs and OCIs). End
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