Market View: 16-20 NOV 2015

Filed in Market Update by on November 16, 2015
Week Market View: 16-20 NOV 2015
Market This Week Last week the NIFTY closed at 7762 registering a loss of 2.41% over previous week. It was a week dominated by the bears and the NIFTY continued its lower top-lower bottom formation. The first support of 7800 has been taken off which is not a very good sign. We expect the bearish tone to continue this week as well. Our view on the market has not changed much since last week. We again advise caution and inactivity for this week as well. Do not get desperate to invest. The markets give a lot of opportunities every now and then. Just be patient for now. Stay disciplined on all existing positions. All the best!

Comments are closed.