FOR NEXT WEEK PREDICTION DIRECT CONTACT ON 9179333088/7772909587
It was a volatile week for Indian markets, but a sharp selloff
on Friday wiped out the gains, and both Sensex, and Nifty50 closed the week
with a cut of over 1%.D-Street gave a thumbs down to the Reserve Bank of
India’s repo rate cut as the interest on the total moratorium period which will
be 6 months could get converted into a term loan that could hurt banks and
threat of NPA’s will increase. The market is
sustaining above 9000 which is a positive sign for investors. As long as we
sustain above this level, bulls should remain control. The market has been
forming a lower top, and lower bottom formation in the last two weeks. “In the
coming week, if Nifty breaks above 9150 then the rally could well continue,
while at the lower end, 8800 is likely to lend support.
