Quote on Nifty hitting 17,000 by Rahul Sharma, JM Financial Services Ltd
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Below is quote on Nifty hitting 17,000 by Rahul Sharma, Head Technical and Derivatives Research, JM Financial Services Ltd
"Decent F&O Rollovers, Fed’s Dovish stance, Weakening Dollar & FDI numbers ensure that Nifty crosses the coveted 17,000 mark. After the consolidation of June & July, Nifty has taken off in August adding around 8% gains in August. Market Breadth & Thurst have vastly improved as compared to last week along with the Banking Index giving a breakout from its 5 month consolidation."
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