MARKET VIEW: SHIFT TO CAUTION
Nifty is seesawing around 9600 level which may continue in a broad range of 9400 – 9800. Technically market is still in uptrend and if it stays above 9600, it may rise up to 9800.
GST rollout from July is the biggest trigger for markets at present. It is expected that there may be initial problems in GST rollout and that may not present a big threat to market. Only some serious obstacles in GST may affect markets negatively.
Investors should stay invested with a cautious view. They should avoid small caps and focus on large caps, diversified, and balanced funds.
Market View: SHIFT TO CAUTION /23/ June /2017.