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Market Outlook Quote : After a brief midweek panic last week, bulls are back with a bang albeit with some caution by Rahul Sharma, JM Financial Services
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Below the Market Outlook Quote by Rahul Sharma Director, Head- Technical & Derivative Research , JM Financial Services for your reference
"After a brief midweek panic last week, bulls are back with a bang albeit with some caution. India VIX has touched a new high on multi-month time frame indicating possibility of some volatility as we approach the monthly expiry. FII's have been buyers in the last couple of sessions in Index options while they continue to stay long in the index futures segment. Banks have been a bit late to this party but now seem ready to breakout from the current range. PSU Banks are the strongest while private banks are expected to play catch up. 21,800 on the Nifty and 49,000 on the Nifty Bank seems likely tomorrow."
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