|Market This Week
||As predicted in the last market view, the NIFTY corrected last week amidst positive news flowing in. It broke the important support levels of 8600 to close at 8570.90. This indicates that there is certainly a heavy selloff coming in giving total control to the bears. We expect the NIFTY to correct further this week as well as the bearish trend is likely to persist. It is difficult to predict the bottom-out levels but there will be a good support coming in at 8350. We would request all the investors to stay away from the markets in this phase. For all existing positions please follow the exit strategy religiously. Do not allow profits to get converted to losses in this phase. Note that this is just a routine corrective phase and there is nothing really to worry. This correction would be healthy considering our long term bull rally. All the best!