Market View: Week Starting 29 FEB 2016

Filed in Market Update by on February 29, 2016
Week Market View: Week Starting 29 FEB 2016
Market This Week Last week the NIFTY closed at 7030 registering a loss of 2.5% over previous week. This week the budget should be out and we hope that we get a clear direction from here on. The markets are hoping for a well balanced budget. Its all drilling down to increasing investments, reforms in banking and maintaining fiscal deficit. Lets wait and watch how this week shapes up and how the markets react to the budget. We should have a good direction from next week onwards. The NIFTY support for this week should be 6900 levels with resistance coming in at 7200-7250. All the best!

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