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Global events lead to tumultuous phase with no signs of upheaval petering out

<p>Nifty, on Friday, closed at 9,837 in a highly volatile market condition. Going forward, this volatility is likely to continue due to various reasons including growing doubts about the US President Donald Trump&rsquo;s ability to&nbsp;fulfil&nbsp;his economic agenda</p>

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US President Donald Trump boards Air Force One as he travels for meetings at Camp David in Maryland. Pic/AFP
US President Donald Trump boards Air Force One as he travels for meetings at Camp David in Maryland. Pic/AFP

Nifty, on Friday, closed at 9,837 in a highly volatile market condition. Going forward, this volatility is likely to continue due to various reasons including growing doubts about the US President Donald Trump’s ability to fulfil his economic agenda and domestic market conditions. Nifty is likely to get support at 9,747 and 9,646. If these two levels are not taken off then we can expect a minor bounce back of Nifty towards 9,900 to the 9,958 level. A decisive move above this level, can further elevate the market towards the 10,000 mark, but chances are remote. Investors should select good quality stocks for long term investment, which can be accumulated in a phased manner at every decline.

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