Market View: 1-5 Aug 2016

Filed in Market Update by on August 1, 2016
Week 1-5 Aug 2016
View Last week the NIFTY closed at 8638.50 registering a gain of 1.14% over previous week. The NIFTY is looking positive on the charts again with the momentum in its favour. However, the NIFTY has rallied from 7650 to the current levels which gives us a hint of a correction/consolidation coming in soon. The NIFTY is very close to the highs of 9000 and this should make us a bit cautious. Let’s wait and watch how this week shapes up. Let’s observe caution this week. All the best!

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