India Markets Weekahead: Get ready for a fire sale

Overall, I expect markets to consolidate at these levels for the next few days as the Nifty at 8,000-8,050 provides a good support. We could even see a feeble rally to 8,200-8,250 but I would suggest booking out of long positions as the markets may not sustain gains over a medium term.

The monsoon’s progress would play a key role in determining sentiment and uncertainty could continue for the next few weeks. The end of June or early July could provide opportunities to investors as a fall below 8,000 for the Nifty could lead to a fire sale, which would be the right time for rebuilding long-term portfolios.

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https://blogs.reuters.com/india-exp...-markets-weekahead-get-ready-for-a-fire-sale/