Monday, 2 January 2017

Nifty hovers around 8150, Sensex weak; ICICI, Bajaj Auto decline

The current year is looking tougher for the market, 7900-8000 will be the most crucial levels for the market. If 7900 breaks, Nifty could test levels of 7500. Full recovery in market can happen only from 8600. Make or break for this market will be banking index. However, the sector is not showing much buoyancy or leadership in current times. Market trends are determined by the foreign flows and not domestic flows. DIIs will continue to grow via the systematic investment plan (SIP) on back of structural changes.

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