MARKET VIEW: Consolidation phase
Investors should stay invested with a cautious view. They should avoid small caps and focus on large caps, diversified, and balanced funds
Some good corporate results, good monsoon, and rate cut hopes made Nifty reach in five figures and this trend may continue at a modest rate. Nifty has good support at 9700 - 9800 zone.
Next major target of Nifty is 10500. If Nifty falls below 9450, the up-trend will be reversed in short term. For the long term up trend to reverse, Nifty has to fall below 9200.
Investors should stay invested with a cautious view. They should avoid small caps and focus on large caps, diversified, and balanced funds
Disclaimer:
Market View: Consolidation phase/28/ July /2017.
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