The week ahead: Right time to pick up stocks.

The Indian stock markets ended slightly lower owing to string FII selling, PNB scam and volatile crude oil prices. Markets were trading low for the third consecutive week with negative sentiments and lack of buying support. – The Sensex closed at 34011 and the nifty at 10452 denoting narrow range movement for the whole week.

Moving ahead, it could be a tepid trading week as the negative sentiment that has kicked in may not be easily erased out of the market. A strong reversal in the global indices can influence the markets. The rupee movement and FII flows are other parameters to be watched. For the week ahead, expect the sensex and the nifty to trade in a range of 33500-34500 and 10250-10550 with negative bias. Its right time for Long term investors to pick up stocks.

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