MARKET VIEW: Expect range-bound movement
Markets are expected to remain in a broad range of 9500 to 10000 with a downward bias. Rising global markets and government efforts on propping up economy may keep markets from falling further.
Technically, next immediate support is at 9700 and major support is at 9450. If Nifty sustains below its major support of 9450, it will enter a long term down trend.
Investors should focus on balanced funds with higher weightage of debt and arbitrage, and SIP investors can continue.
Market View: Expect Range-Bound Movement/29/ Sep /2017.