Monday 12 September 2016

Market falls 12 Sept 2016



Market Falls by 2 %




Correction due in market was seen today when NIFTY fell down by 1.71 %.NIFTY Bank falls by 2.21%.

NIFTY closed at 8715, seems to be taking support and then move up. This correction will be bringing strength in the market and may take market higher than current position.

Wallstreet also opens lower, deepening Friday's wounds. Globally markets had a drop, be it American or European Corrections phase seems to have hit all over the globe.

Further correction might give buying opportunity. This correction might last for 3-4 days more, unless market takes Support at 8700 level before starting to rise again. Any further correction, might show a fall of 6-8% more.



Major Support at 7800.

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