Market View: 9-13 JAN 2017

Filed in Market Update by on January 9, 2017
Week Market View: 9-13 JAN 2017
View Last week the NIFTY closed at 8243.80 registering a gain of 0.71% over previous week. As mentioned in the last market view as well, the NIFTY is consolidating and 7900 will continue to be our strong support. The events to watch out for will be budget and the quarter earnings. Donald Trump would be sworn in as the US president and the markets would keep a watch on his policies as well. The NIFTY could take some clues from these events and could show a breakout above 8300. Till then we would continue to see script specific actions. A pre-budget rally can be expected anytime. Till then lets commit only small amounts into the markets. All the best!

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