FII action, Hyundai IPO and 5 more factors to likely impact stock markets this week

The psychological support of 25,000 was breached on a closing basis for two consecutive days, which indicates that the weakness is likely to continue, Tejas Shah, Technical Research at JM Financial & BlinkX said. At the current juncture, the bears are in full control of the markets and are using every pullback rally to create short positions, he said.