Market View: 7-11 NOV 2016

Filed in Market Update by on November 7, 2016
Week Market View: 7-11 NOV 2016
View Last week the NIFTY closed at 8433.75 registering a loss of 2.36% over previous week. NIFTY had a strong consolidation band of 8500-8950 where 8500 was acting as a strong support but the last close has taken off that support. Now, we can expect further corrections and fall in NIFTY in the short term. You are advised to stay away from the markets till the dust settles and NIFTY starts a trend reversal. We also need to be disciplined on all existing positions in these times as the markets will test your patience. The NIFTY is likely to fall and correct further this week and its best to keep a low profile. All the best!

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