Market View: 11-15 Aug 2014

Filed in Market Update by on August 16, 2014 0 Comments
Week Market View: 11-15 Aug 2014
Market This Week The current slowdown in the markets is attributed to technical as well as global uncertainties. The markets remain positive overall, but lack of strength currently should signal us to be on the sidelines and show patience and discipline. Last two months, there has been buying on dips and selling on rallies. This has led to consolidation and note that in such a phase we should not enter into fresh positions. Stocks mostly move sideways with a possibility of a rally and a crackdown, both. For all existing positions, we must follow exit strategy. If you do not have 10 counters in your portfolio, it is absolutely fine. Do not hurry to enter into fresh positions. Let’s rest for some time here as the markets too are resting. We must be cautious and keep a low profile for this week as well. 7400 is a good support for the NIFTY. All the best!

Leave a Reply

Your email address will not be published. Required fields are marked *