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More steam left in mkt: Analysts
The benchmark indices have posted three consecutive weekly gains. If analysts are to be believed, there is more steam left in the market. This could even take the Nifty to 17,000 levels. The VIX cooling off, incessant selling by foreign portfolio investors in India subsiding, and stable global cues are some key positives propelling the markets. “The Nifty has finally moved out of the three week’s range of 15,800-16,400 amid significant decline in volatility. Hence, we do not expect 16,400 to be retested in the short term, and declines remain a buying opportunity,” said a
