Market View: 14-18 MAR 2016

Filed in Market Update by on March 14, 2016
Week Market View: 14-18 MAR 2016
Market This Week
Last week the NIFTY closed at 7510 registering a marginal gain of 0.3% over previous week. It was good to see NIFTY sustain the previous week’s close. The FII’s have returned to their buying mode the last week due to attractive valuations and improved sentiments post correction. If the buying continues it could take the NIFTY 100-150 points higher in the short term. However in the long run if the markets are to perform well then it would need support of good and stable earnings. Else we must expect continued volatility and corrections. We expect the markets to remain sideways for the coming few weeks. We need to understand that India is fundamentally strong and relatively a better place to invest than any other country. The world is aware of that too. We are still an outperformer. Hence our markets would continue to move up. This week the NIFTY would continue to face strong resistance at 7750 levels. Stock specific movement will be seen. Overall we expect a good week ahead. All the best!

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