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The market overall view is bullish and any pullback will be a good buying opportunity by Mr. Santosh Meena, Swastika Investmart Ltd
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Below are views on on today's market by Mr. Santosh Meena, Head of Research, Swastika Investmart Ltd
We are seeing a pullback after a vertical rally on the back of some weakness in global markets however there are no such negative cues for the market. If we look at the statistics then Indian Equity markets do well in the first two weeks of January but then it starts to correct near to Makar Sankranti or in between 15-20th January then there is a post-budget rally in the market. This trend may be replicated this year as well but the overall view is bullish and any pullback will be a good buying opportunity. Technically, 18000 is an immediate psychological support level while 17800/17650 are critical support levels.
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