Weekly Market Wrap for (7-11)th November, 2016

by Tufan Nag on Market Analysis, Market Wrap

The domestic market witnessed one of it’s biggest roller coaster rides. Short term traders failed to make profit when shockingly Trump won the Presidential election. Volatility increased across asset classes throughout the whole world.
On the other hand demonetization effect will definitely create multiplier effect. Firstly, it will lubricate the economy and secondly, it will give a big push for the BFSI sector. Moreover, there will be somewhat like a deflationary effect.

The broader index Nifty 50 has breached the floor of the channel. It has entered a long phase of corrective pattern . One should tread cautiously because a high level of uncertainty can’t be ruled out in the coming week.

 

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