Market View: Long Term Bullish
Markets were boosted by government’s decision to go for less borrowings. Additionally, market is bullish based on expectations of higher corporate earnings, positive global cues, budget hopes, and on hopes that GST issues may get sorted out. There are also signs of revival in real estate and pharma sector adding to the positive sentiments.
On downside, the market now has support at 10500, and a breach of it may take Nifty down to 10000 which has become the key psychological level.
Investors should focus on balanced funds and continue with equity SIP.
Market View: Long Term Bullish /19/ Jan /2018.