Anil Singhvi says markets will continue to remain volatile; closing above 15100 on Nifty will set stage for new highs
Zee Business Managing Editor Anil Singhvi said that markets are seeing a relief rally after a sharp fall. Singhvi said Markets made low of 14468 and are now seeing relief rally from those levels. It is important to find out whether the rally will sustain or will the sell-off resume. Singhvi said Markets are trading in a range - the lower range is 14500 – 14600 which will act as a strong support while the higher end is 15200 – 15300 will act as a stiff resistance.
Anil Singhvi said that Domestic Funds are deploying money in midcap and smallcap shares. Domestic Funds are not buying into shares where FII holding is more as FIIs are in selling mode: Zee Business