Market View: Week Starting 30th March 2015

Filed in Market Update by on March 30, 2015 0 Comments
Week Market View: Week Starting 30th March 2015
Market This Week Last week the NIFTY fell in love with the bears and closed below our support levels of 8350. This support was the last support on the trend line and now we will have to wait for a new support on the charts. However for this week we would expect NIFTY to take support at 8150 levels. In these markets, our non-activity for the last few weeks has really paid off. The markets would remain in this correction mode for some more time. Let’s stay away from the markets till then. This week is a short one and also marks the financial year end. We do not expect a lot of activity in the markets. Let’s stay on the sidelines for this week as well. From next week onwards the quarterly earnings should gather some momentum and that would certainly bring some relief. Everybody is still very bullish on the markets and therefore there is no need to panic in this correction. We definitely have good times ahead. Expect few (or no) recommendations this week as well. All the best!

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