Market View: 01-05 Sep 2014

Filed in Market Update by on September 1, 2014 0 Comments
Week Market View: 01-05 Sep 2014
Market This Week Last week we saw the NIFTY oscillating with a positive bias. Not once did it close below 7840 which was a very positive sign. Nothing seems to be a problem at this time. Steady FII inflow is seen as well with some amount of retail participation also coming in lately. The charts at the moment suggest that the NIFTY would continue to move up. It would face immediate resistance at 7974 levels with immediate support coming in at 7833 levels. This week we expect it to cross the historic levels of 8000. When will we have the next consolidation or a correction, only time will tell but for now we are well placed. All the best!

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