Market View: 11-15 Jul 2016

Filed in Market Update by on July 11, 2016
Week 11-15 Jul 2016
View Last week the NIFTY closed at 8323 which was almost the same closing as previous week. This consolidation was expected as mentioned in the previous market week. Our market view this week has not changed much since previous week. It’s just that we expect the consolidation to get over this week and NIFTY could start showing upward movement from here on. This is precisely because the global markets have rallied recently, we have had a good monsoon till now, currency is stable and oil prices too are low. The FII’s are not buying but have not sold either. All this will boost the overall market sentiments. The next real trigger for the markets would be the quarterly earnings so let’s wait and watch till then. Overall, we have good times ahead. Staying disciplined on all positions will give excellent returns. The markets this week are likely to be positive. All the best!

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