Market View: 15-19 MAY 2017

Filed in Market Update by on May 15, 2017
Week Market View: 15-19 MAY 2017
View Last week the NIFTY closed at 9400 registering a gain of 1.24% over previous week. While we were expecting a correction the NIFTY continued to scale upwards in view of the good quarterly results being announced. The midcap index is trading at historically high levels along with the bank NIFTY. We now expect the markets to get a little choppy from here on. The NIFTY will now take a good support at 9200 levels. So we need to watch this level from here on. This week as the earnings continue, the NIFTY is likely to trade flat. Let’s have a cautious approach. All the best!

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