Market View: Week starting 28th Jul 2014

Filed in Market Update by on August 5, 2014 0 Comments
Week Market View: Week starting 28th Jul 2014
Market This Week The markets last week revolved around the corporate earnings which saw variations from midcaps to large caps. The markets have become sluggish overall. the NIFTY is rising on account of FII inflows, but very few stocks are participating in the rally. The rise is not wide spread enough as one would expect. Though the NIFTY is moving up, the stocks in our portfolios are not performing, looking tired and that’s very frustrating. The markets seem to be a little more ahead though the ground realities have not changed much since the new government. Now what we need is a correction from here and it could be there around the corner. There is euphoria everywhere and that’s dangerous. The markets react when there is euphoria and they break when you least expect!! It doesn’t spoil our party but it is desperately needed so that the rally spreads wide. 7400 is a very strong support for the NIFTY and we don’t see the correction breaking that. Let’s be a little cautious for a while and stay away from the markets. Not a great time to be in the markets. All the best!

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