HomeNewsBusinessMarketsMarkets to rally some more; Nifty may touch 9900: Ashwani Gujral

Markets to rally some more; Nifty may touch 9900: Ashwani Gujral

Bank Nifty is outperforming and CNX IT, being a weak group, tends to pull Nifty down, says Ashwani Gujral.

August 31, 2016 / 17:26 IST
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The market ended at a fresh 52 week closing high and all thanks to the last one hour in trading session on Wednesday. The market ended with gains, a tad below 8800. The Sensex was up 109.16 points at 28452.17 and the Nifty closed up 41.85 points at 8786.20.

No rally ends in two days and there are chances that Nifty can reach 9,900, said Ashwani Gujral. Bank Nifty is outperforming, he said, adding, "CNX IT, being a weak group, tends to pull Nifty down."

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Backing Gujral, Mitesh Thacker of miteshthacker.com believes banking stocks and Bank Nifty are looking good. He is of the view that Nifty can touch 8850 and then 9300. Further, Thacker recommends investors to go long and use dips to buy.

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first published: Aug 31, 2016 04:45 pm

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