Market Outlook for 16th July, 2013

Nifty Future:

We will see Huge Gap down opening of market due to RBI stepsĀ  to shore up INRĀ  This yesterday’s late evening announcement will pinch corporates borrowings due to higher rate of interest..

Will Nifty take support around 5900 or its going to be free fall ?

Dr reddy might shed some gains it made in the last few days and should not break 2218 in coming days.

Only IT sector can cushion the fall in Index and Infy could take the lead in doing so.

Good Luck!!