An overview of the domestic equity market that opened up weak, but propped up due to monsoon forecast.
Investors should wait for a while before restarting their investments in quality stocks.
In absence of any definite trend, investors can continue to hold on to their investments.
These are times for market corrections and not a big reversal of the underlying uptrend, says Jimeet Modi. Investors should wait & hold on to their investments.
Short-term traders should trail their long bets at 9,150 and stay away from the market, if it falls further. Nifty’s major support continues to be at 9,000.
The market is still in corrective mode but may come to fill the gap and touch the 9,000 level before making a decisive upmove. Traders should buy on dips.
The Nifty50 may come to fill the gap and touch the 9,000 level before making any decisive move upward. Traders should buy on dips.
No major triggers are likely before this financial year ends. So invest a good portion of your liquidity at current market levels for good long-term returns.
The IPOs of Music Broadcast and Avenue Supermarts have received an overwhelming response. This will now kickstarting the next wave of IPOs.
The market had continuously sprinted since the beginning of this financial year as seen with the 1,000-point rise in the Nifty50 over the past two months.
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