Market View: Week Starting 28th MAR 2016

Filed in Market Update by on March 28, 2016
Week Market View: Week Starting 28th MAR 2016
Market This Week Last week the NIFTY closed at 7716.50 registering a marginal gain of 1.47% over previous week. The rally could be attributed to upward moves in the global markets. Given the short week it was, the gains were commendable. It confirmed the breakout seen previously though we would like to see more volumes. This week the markets are likely to go strong due to some good FII flow and stable global scenario. Last week the NIFTY almost achieved our target of 7800 and the now the next resistance could be at 8000. We should be cautious if NIFTY breaks 7600 on the lower side though the chances of this happening are low. All the best!

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