Monday, 2 January 2017

See Nifty range at 7900-8000

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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. The next leg of opportunity for the market will come from consumption stocks. While consumption theme is still intact, Suri recommends staying away from banks.

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