Market View: 04-08 Aug 2014

Filed in Market Update by on August 5, 2014 0 Comments
Week Market View: 04-08 Aug 2014
Market This Week Nothing special to talk about last week. NIFTY looked Lackluster! This week, there will be something happening around the RBI policy though fire crackers are not expected!! The earnings season was disappointing where lot of companies seem to have underperformed, global scenarios are not favorable, global markets are weak, dollar has strengthened; but the markets seem to take NO note of it. They seem to be well ahead of their times and therefore we are expecting a correction should happen soon. FII inflows are at all time highs and we expect a U-turn soon. The NIFTY has rallied far too high without any major correction. Ours is still a pretty good story and nothing takes away anything from it but there has to be a crack now! Let’s trade cautiously and if possible low risk taking investors should stay away from the markets. NIFTY has a strong support at 7400. All the best!

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