Market Outlook for 16 Nov 2016
Indian markets are likely to open in big gap up tracking SGX Nifty which was trading 106 points up at 8221 at 8:45 am. Nifty to find immediate resistance around 8220 levels. After the sharp fall in past couple of trading sessions markets may see some buying interest from value investors. Markets continue to be in a long term uptrend and we advise investors to buy quality stocks on every dip. Some stocks which have corrected recently and are attractive considering their long term return potential are Asian Paints, Kajaria Ceramics, Bajaj Finance, Maruti, Ultratech Cement, Capital First, Sunpharma, Mindtree and Tata Elxsi.