Market View: 6-10 June 2016

Filed in Market Update by on June 6, 2016
Week Market View: 6-10 June 2016
Market This Week Last week the NIFTY closed at 8221 registering a gain of 0.8% over previous week. Our NIFTY target of 8300 is well on track. Our market view this week remains very much the same as last week. This week the markets would have its eyes glued on the RBI monetary policy and also the progress of monsoon. If the IMD forecast is bang on target, then a good monsoon would just pull the economy out of high inflation and bring it back on the growth path. Let’s see how things shape up. 7950 will act like a good support for NIFTY and the next target would be 8300. All the best!

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