Market View: Week Starting 28th SEP 2015

Filed in Market Update by on September 28, 2015 0 Comments
Week Market View: Week Starting 28th SEP 2015
Market This Week Last week the NIFTY closed at 7869 registering a loss of 1.43% over previous week. This could be attributed to the derivative expiry and also a counter against the long weekend. Now NIFTY closed slightly below our consolidation channel of 7900-8650 which is a not a good sign. The moment 7900 is taken off, we need to be cautious. Nothing much has changed since our previous market view. It’s just that the market would have its eyes glued to the RBI meet happening this week. Let’s wait and watch for the outcome. We want you to be cautious for this week as it’s likely to be volatile. All the best!

Leave a Reply

Your email address will not be published. Required fields are marked *