Market View: 4-8 Jul 2016

Filed in Market Update by on July 4, 2016
Week 4-8 Jul 2016
View Last week the NIFTY closed at 8328.35 registering a gain of 3% over previous week. It has showed tremendous strength completely nullifying the fears around BREXIT. It has also hit the first target of 8300 that we had specified a few weeks back making a short term high. The progress of monsoon has been good in the country which is an excellent news for the markets. Now, GST looks like a dream coming true and the quarter earnings are also likely to be good. The government has been good with the reforms and we are much better placed domestically. All of these events are likely to have a bullish impact on our markets and NIFTY is likely to scale new highs in the short term. Good time to be a part of the markets. Staying disciplined on all positions will give excellent returns. The markets this week are likely to take a breather after the recent rally. Overall we would have a positive week. All the best!

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