Market View: 17-21 JUL 2017

Filed in Market Update by on July 17, 2017
Week Market View: 17-21 JUL 2017
View To everyone’s surprise, last week the NIFTY closed at 9886.35 registering a gain of 2.28% over previous week. Now, the NIFTY looks set to hit the new milestone of 10,000 soon. That’s because the earnings could be better in the second half of the year after factoring in for GST and interest rates. At 9600 levels we were expecting a correction but that has never happened. There has been a tremendous momentum in the markets since then and we must all respect that. To be honest, it’s getting difficult to predict this market and all that we should be doing now is respect this momentum, be with it and at the same time observe a little caution as well. Will define strategies once we see correction coming in. For now let’s stay with the momentum and stay invested. This week we again expect consolidation with a positive bias. Let’s have a stock specific approach. All the best!

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