Market View: 03-07 Nov 2014

Filed in Market Update by on November 3, 2014 0 Comments
Week Market View: 03-07 Nov 2014
Market This Week WOW! Last week the NIFTY broke its consolidation range of 7750-8150 with a sharp breakout. The rally was an outcome of excellent quarterly numbers, improved global economics and overall positive business sentiments in India seen on account of some good reforms happening. Political and economic views on India have undergone a drastic change and it will continue to attract global investors in this multi-year bull run. GST, insurance, land acquisitions are the other reforms that still need to go under the anvil. The immediate target for the NIFTY would be 8500. The second half of November is likely to be better than the first half. This week the NIFTY would show some minor consolidations with a positive bias. Good time to take positions! Stay disciplined on existing positions. All the best!

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