Market View: 21-25 NOV 2016

Filed in Market Update by on November 21, 2016
Week Market View: 21-25 NOV 2016
View Last week the NIFTY closed at 8074.10 registering a loss of 2.68 over the previous week. This was well expected. Good that we have been keeping away from the markets. We are certainly in a panic mode and the NIFTY looks negative on the charts. We expect the markets to continue their downtrend this week as well. This week also marks the November derivative expiry and hence volatility is likely to prevail. Let’s be cautious and allow the dust to settle down. 8000 is a good support for the NIFTY and if that’s taken off, we could fall to 7700. Let’s wait and watch. Take a break from the markets and have some good family and hobby time. Be disciplined on all existing positions. Do not allow profits to get converted to losses. All the best!

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