Absence of any major triggers held the markets in a range
with substantially low volumes, to end the day on flat note, though the week
finished on positive up by two percent.
Although the markets expressed in terms on Nifty gave a flat close, but
lot of buying was witnessed in selected mid and small cap companies and it
appears it will continue for some more time.
The market for the Next week is crucial, from the point of view that it
is headed towards a important event like the derivative settlement, Year end
2015 close, crude struggling to get bottomed out and jittery global equity
markets. It further needs to be seen how the corporate results are unfolded
next month, with the current valuation and lower expectation any positive
surprise for the markets will see a sharp upward spike, and on the other hand
since the undertone is bearish, further bad news would create a panic situation
in the markets. Investors need to watch this development closely before taking
a call on the markets.
Technically too markets are crucially poised, A trade and a
close below 7600 this time see a sharp downside and a capitulation period for
the markets, however if the nifty manages to keep its head up above 8000 would
than test 8200, its only if the nifty closes and stays above 8200 will bottom
out this markets or its vulnerable for a deep fall. The first range to watch on
the nifty is 7600 and 8000 and further 7800 to 8200.
The year 2016 will be stock pickers markets and if one spots
the right stock, money is still there in abundance and bad selection would
jeopardize ones portfolio.
Contact us Here:
PRAGMATIC WEALTH MANAGEMENT PVT. LTD.
Head Office:
102, 1st Floor, Topaz
Society,
Dr. Nair Road, Agripada,
Mumbai Central (E), Mumbai 400011
Tel: +91-8108178683
E-mail: contact@pragmaticwealth.net
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