Market Synopsis

Market has just witnessed a dismal earning season.
Prices of some stocks,  some sectoral and other indices are lingering around the 200 DMA.
Market is continuing to exhibit prolonged weakness.

Despit all of the above,  global risk on seems to be holding up Nifty from caving in.
But how long?

Market Review

Inida's Industrial Production has shrunk by 0.6 % YoY for the month of December 2012.
A renewed bearish sentiment in Euro vis a vis the USD has been witnessed over the past week.

Events such as the above are only adding to the already prevailing gloomy sentiment in the market.

Weekly Review

Market is showing sustained weakness over the past few trading sessions.
Some major stocks have corrected more than 5%.     However,   Nifty has not shown any
significant correction in terms of price.   Volatility continues to remain low.

Going forward,  sentiment will continue to remain bearish for some more time.
Market may continue to slide down at snail's pace.

Market Review

Volatility spiking up in US.
Eurozone fears resurfacing. 
Relentless pressure on Euro vis a vis the USD.
With almost no positive triggers in the near future for Nifty, scenario is looking grim.

Amidst all this,  hope Nifty stays above 5950 on closing basis.   Close below 5950 may see a deeper cut.

Weekly Outlook

Risk - reward ratio is turning into bears' favour.
Market is showing signs of caving in.