In such cautious times, IPOs had dull listings, sending the market into a tizzy. But time and again the rule has stood the test of time even in a so-called worst sector like telecom.India attained freedom from tax corruptions and pilferages after 70 years. Short-term traders should exit their long positions and may initiate shorts on rise with the 9,620 level as stop loss. The domestic market will react to stock-specific news flow in the near term with a downward bias. No new investment should be done at the current juncture.The Nifty50 closed the week at 9,520, down 0.56 per cent for the week.

Source: Economic Times July 01, 2017 04:54 UTC