Market View: 13-17 FEB 2017

Filed in Market Update by on February 13, 2017
Week Market View: 13-17 FEB 2017
View Last week the NIFTY closed at 8793.55 registering a gain of 0.60% compared to last week. Now the NIFTY is just a few points below the all-time highs and resistance levels of 9000. We expect the NIFTY to consolidate a bit here after the one month rally; a small natural correction could be around the corner. For the NIFTY to break the resistance of 9000, the outcome of the ongoing state elections will be significant. A setback to BJP here would play a spoilsport. The month of March should be a path decider for the markets. Until then we would see the NIFTY moving sideways. Nothing really to worry for, we are in a very good position. This week will be ruled by stock specific movements. All the best!

Comments are closed.