Quote on Nifty hitting 17,000 by Rahul Sharma, JM Financial Services Ltd
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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