Market View: 16-20 Feb 2015

Filed in Market Update by on February 16, 2015 0 Comments
Week Market View: 16-20 Feb 2015
Market This Week Last week though was a very volatile one, the NIFTY held on to its support of 8600. This ensured that the bulls were very much in control. The budget would be announced soon and we expect NIFTY to be volatile and range bound till the budget. We must all observe caution till then. The NIFTY is likely to trade in the range of 8600-9000 where 8900-9000 would act as a strong resistance. This consolidation would be a much needed one for the NIFTY to register new highs from here on. Overall, there will be positivity in the markets as they are expecting a growth oriented (and non-subsidy oriented) budget, especially after the Delhi poll debacle. Let’s stay disciplined as usual for this week. All the best!

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