Market View: 12-16 OCT 2015

Filed in Market Update by on October 12, 2015 0 Comments
Week Market View: 12-16 OCT 2015
Market This Week Last week the NIFTY closed at 8190 registering a gain of 3% over previous week. It was good to see NIFTY crossing the first barrier of 8100 of its consolidation channel of 7900-8650. If NIFTY crosses 8250, then its uptrend could be confirmed and there would be good chances of NIFTY coming off the consolidation channel. Any close below 7900-8000 should caution us. There could be volatility due to the earnings season. For this week, the markets would keep its eyes on Infosys Q2 results, IIP and CPI numbers and the overall election scenario in Bihar. Mondays close will give a direction to NIFTY this week. Let’s wait and watch. All the best!

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