Nifty Technical View: Rangebound marketsterm.
Investors should stay invested with a cautious view. They should avoid small caps and focus on large caps, diversified, and balanced funds.
Nifty is fluctuating around 9600 and is expected to move 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.
9400 is the immediate support and if Nifty falls below this, it has next support at 9200. Any major down trend may start only if Nifty falls below 9200 convincingly.
On the upside, if Nifty breaks above 9800, it may rise up to 10500 in longer term.
Investors should stay invested with a cautious view. They should avoid small caps and focus on large caps, diversified, and balanced funds.
Disclaimer:
Market View: Rangebound markets /29/ June /2017.
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