Can Nifty Touch 8100
Nifty is now in range bound ,it will consolidate at least 9 trading days after 9 trading days there will be huge buying waiting from DII , FII and NIFTY can touch 8100. We must say one should take long position for long term in good valuation stocks. Banking would be leading sector in year 2016.The macro economic condition of India may improve due to steps have been taken by PM Modi earlier this year. The GDP may be in between 7.3 to 7.9 in year 2016. This is right time to invest in Indian Stock market for long term at least 10 to 15 year of time frame, will earn at least 400% return in good companies.
Fresh Buying is expected from domestic side and FII..
Top picks for 2016 (Nifty Top Picks)
Sun Pharma, L&T, Yes Bank, Can Fin Home