MARKET VIEW: Markets Under Pressure
Markets will be under pressure from a number of issues including – geopolitical tensions in Asia, GST implementation problems, rising risks of inflation and lower chances of rate cut, increased chances of Fed rate hike, spread of farmer agitation for loan waiver in more states, poor monsoon impact, PSU banks still facing NPA problems, poor corporate results, and higher market valuations.
Technical analysis indicates that immediate major support is at 9700. For the long term trend to reverse, Nifty has to sustain below 9450.
Investors should focus on short term debt funds, SIP investors in equities can continue.
Market View: markets Under Pressure /25/ Sep /2017.