|Market This Week
||Last week the NIFTY closed at 8360 registering a loss of around 1.5% over last week. This could be attributed mainly due to the global turmoil happening in Greece and China. The markets direction the whole of July would be governed by the start of corporate earnings season, Inflation, Monsoon, Manufacturing data, Parliament session, the Fed meet and the progress on Greece and China. Out of all these, any positive outcome on Greece/China issue will immediately lead to a spike in the markets. However any negative news will definitely drag NIFTY below. The NIFTY is still consolidating in the range 8000-8600. Let’s see how long the consolidation phase stays. Still a good time for us to take Delivery positions. The Indian markets will see more inflow of funds the whole of the year due to the turmoil in China. A year from now we should be in a much better position with our portfolios showing decent gains. For low risk taking investors, this is still a wait and watch phase. Stay disciplined on all existing positions. All the best!