Market View: 16-20 Mar 2015

Filed in Market Update by on March 16, 2015 0 Comments
Week Market View: 16-20 Mar 2015
Market This Week Last week was a volatile one with NIFTY ultimately suffering a loss of approximately 3 % over last week. This was despite the RBI cutting the rates further and also the insurance bill being passed. Therefore, there seems no hope in the short term for the NIFTY to cross 9000 as we have run out of triggers. At the same time the NIFTY has also not reached the panic levels and so there is nothing much to worry. The FII inflow has definitely slowed down but they are not going to stop. NIFTY has a chance of bouncing back 200 points anytime. We expect the NIFTY to be in the consolidation zone of 8600-9000 for some more time. We must have a cautious approach as long as the NIFTY is trading in this zone. Also you must remember that this kind of volatility and choppiness is a part of every bull run and we must all get used to it and plan accordingly. All the best!

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