Market View: 15-19 FEB 2016

Filed in Market Update by on February 15, 2016
Week Market View: 15-19 FEB 2016
Market This Week Last week the NIFTY closed at 6981 registering a loss of 6.8% over previous week. It is not new to us that the fall is primarily due to weak global cues, falling crude, turmoil in China, poor domestic earnings etc. Besides all these reasons, one strong reason for the current fall is due to weak domestic sentiments. There will be limited upside till the sentiments improve. We could see NIFTY taking support at 6900 levels and short upward moves this week, especially after the fall last week cannot be ruled out. Overall, let’s keep a low profile. We have our eyes glued to those value picks which will benefit greatly post the recovery. Till then please be patient. All the best!

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