Market View: 8-12 Aug 2016

Filed in Market Update by on August 8, 2016
Week 8-12 Aug 2016
View Last week the NIFTY closed at 8683 registering a gain of 0.5% over previous week. The NIFTY is again looking positive on the charts with the momentum again in its favour (though we should expect a small correction to come in soon). Our macro conditions are looking very good with good monsoons, GST getting passed, seventh pay commission hikes, good liquidity etc. All these events would keep the euphoria going and will also increase the FII flow in our markets. The RBI policy meet happening this week is not likely to affect us. Overall, the bullish phase would continue this week as well. All the best!

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