Market View: 11-15 MAY 2015

Filed in Market Update by on May 11, 2015 0 Comments
Week Market View: 11-15 MAY 2015
Market This Week Last week NIFTY was tremendously volatile and it closed at 8192, still below the technical trend line support of 8400. Our view on the market remains the same as last week and we would feel a clear breather once NIFTY clears the hurdle of 8400 on an immediate basis. The global markets are bad too and the rising crude has further added to worries. If you are being a trader in these markets, you will certainly burn your hands. However for a 10 counter investor, there is nothing to worry. The correction does not harm our long term bull run and this is a very good time to buy and set our portfolio allocation right. We are being cautious while recommending stocks because the high volatility increases the probability of triggering stop loss. Your patience would certainly pay-off in the times to come. 8400 would act as a strong resistance and 8000 would be a good support in the short term. All the best!

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