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Below Perspective On Markets By Mr. Jaykrishna Gandhi, Head - Business Development, Institutional Equities, Emkay Global Financial Services

“Finally nifty had the much awaited correction giving up almost 3% for the week. The sell-off was even more brutal within the small and mid cap space as retail investors finally seem like throwing in the towel on back of lack lustre earnings and no clear positive commentary from managements. The market sell-off was triggered by the US 10yr hitting the 5% mark which pulled down risk levels materially in the region. Nifty will have its expiry this week which can add to further volatility, we see Bank Nifty at the highest risk below the 43K levels with support at 42,200 levels which in turn can drag the market below 19K towards the strong support levels of 18,800.

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