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MARKET VIEW: Up trend to continue

Economy is expected to recover from shadows of demonetization and GST in 3rd quarter; and corporate earnings may start improving now. Though rising oil prices are a problem but that is expected to be a short term issue. Markets may continue to move up on positive global cues and budget expectations.    

Nifty has entered a new bullish phase with 10500 as its new major support. If Nifty falls below it, 10000 will be the next major support.  

Investors should focus on balanced funds and SIP investors can continue. 

 

 

Market View: Up trend to continue /12/ Jan /2018.