Market View: Week Starting 29th Aug 2016

Filed in Market Update by on August 29, 2016
Week Week Starting 29th Aug 2016
View Last week the markets closed at 8572 registering a loss of 1% over previous week. The NIFTY has been consolidating now since a month between 8500-8700. In the short term NIFTY is looking bearish and there could be profit booking coming in any time which would make NIFTY test the levels of 8400 on an immediate basis. 8450-8500 will be the support to watch out for NIFTY this week. Overall, we expect weakness in the markets this week. We should observe caution and keep a low profile.
All the best!

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