MARKET VIEW: STAY INVESTED
Nifty has made a new high and has entered into a new uptrend which has support at 9100 and may rise up to near 9500 though it may pause near 9200 as that is a crucial resistance now. Private Banks, FMCG, Pharma, Agri, metals, and consumption sectors are expected to do well in long run. PSU banks and IT may remain under pressure.
Investors may hold their existing mutual fund investments in equity and balanced funds and can do fresh investment in balanced mutual funds.
Research/Stay Invested /17 /March/2017.