MARKET VIEW: Growth issues affecting markets
Markets are expected to remain in a broad range of 9500 to 10000 with a downward bias. Markets will enter in an uptrend only after there is an improvement in macro data, which may take place after two or more quarters.
Technical analysis indicates that 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: Growth issues affecting markets /29/ Sep /2017.