Nifty to remain in a rangebound movement for this week, as the market is waiting for 18th Sept meeting of FED, and waiting to give guidance for intereste rate changes. No doubt in it that an intereste rate cut off in US will be a boon to India and expect the banking sector to rally like any thing. But if the interest rate is not cut and no changes are made, then expect the same small movement in the market and no trend as we are experiencing these days.
Escorts is looking good for a long position, for a target of 115-120.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment