lead
RRFinance_loader
Skip Navigation Links RR Research

Get free RR Research Newsletters-


MARKET VIEW: Expect volatilty

Markets have fallen after crossing above 10,000 triggered by sluggish corporate growth, FII selling, and anxiety on GST implementation. A key figure to be noted is that revenue collection from GST has to be greater than the taxes that it has eliminated to show real success of GST implementation. IIP data indicated slowdown in manufacturing and globally, protectionist policies and stronger Rupee are hurting Indian exports.

Technical analysis indicates that immediate major support is at 9450 which was the previous major bottom in June this year. Below that next major support of 38.2% retracement is at 9300 and then 61.8% support at 8750.  

For the long term trend to reverse, Nifty has to sustain below 9450.

One should stay invested at these levels.

 

Disclaimer:

Market View: Expect volatilty  /22/ Aug /2017.


RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

Landline Number
+91 11-4444-1111

Customer Care
+919350316010

Security

Follow Us


SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508


* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.


© 2022 RR Investors Capital Services Pvt. Ltd | All Rights Reserved.

Empty Cart