Market View: Caution Needed
Though GDP figures are higher this time but country suffers from very high fiscal deficit, low corporate investments, falling consumer demand, rising inflation, rising oil prices and poor GST collections. Valuations are high and investors need to be cautious and track corporate earnings. Gujarat elections need to be watched for market impact.
Current short term trend is down and a fresh bull run can start if Nifty crosses above 10500. On downside, 10000 is the immediate support. If Nifty falls below it, 9700 will be the next major support.
Investors should focus on balanced funds and SIP investors can continue.
Market View: Caution Needed/1/ Dec /2017.
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