Our last prediction was that markets may witness bullish trend in first 3 weeks of November 2017. Nifty50 made new high of 10,490.45 in first 4 trading sessions. Further, it made a low of 10,094 and then retraced back to 10,362.25, earning 2.64% in second half of November (until 24th November). In conclusion, Nifty50 made net of 0.53% between 1st Nov and 24th Nov.
Indian stock markets may witness bearish trend from this week until end of December 2017.
All data is calculated on Nifty50 close value.
Shefali Sahita, CFA
SEBI Registration No. INH000002566