Market View: 4-8 MAY 2015

Filed in Market Update by on May 4, 2015 0 Comments
Week Market View: 4-8 MAY 2015
Market This Week Last week the NIFTY registered yet another low and closed with a loss of 1.5% over last week. Technically, our market view this week has not changed much over the last week. We must have a cautious approach and try to stay away from the markets this week too. The current correction is a very good time for all investors to follow exit strategy and restructure their portfolio a bit. The current bearish phase does not tamper the long term bull run and it is very much intact. The FII’s are very bullish on the Indian markets especially after the many structural reforms undertaken by the government. That puts us on center stage and it means that every pullback rally will give higher returns on investments. We just need a trigger to re-enter these markets. We expect a pullback rally this week as the markets were looking oversold all this long. All the best!

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