With the expiry taking place today, technically speaking, the Nifty bears are likely to sharpen their claws on the benchmark index. The Nifty has already broken below the 200 DMA and market watchers are now hoping that it finds support at this key level. Any more lower and it could be worrisome, says Nirmal Jain, chairman of IIFL.
Emerging economies, India and China have their growth story largely intact and a 6-7% growth is possible, he says.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
