Bears May Dominate Market From 10th October Until End of This Month

9 Oct 2017 –

Nifty50 has closed positive on all days, except one, ever since we published on 25th Sep (https://lnkd.in/fVJ5dZc) that markets may be bullish between last 2-3 trading sessions of September and early second week of October. Nifty50 has earned 2.5% in 6 trading sessions. This is calculated on Nifty close value.

We’ve seen Nifty50 crossing 10,000 in early trade today. We now expect markets to witness bearish trend anytime from 10th October onwards. This trend may continue until end of October 2017.

Below is a recap on our predictions going right through the month of September and part of October.

 

Regards,
Shefali Sahita, CFA
SEBI Registration No. INH000002566