Notebandi did not much impact on third quarter results of companies. And in Q4 its impact will not see more because according to data nearly 10 lakh crore currency came back in circulation, means that the economic situation has been normal. The Notbandi will not impact on demand. We can see 6-7% earning growth in Nifty in the financial year 2017.
Ahead, the Banking and IT sector will have an important role in market’s move. if these two sectors give good supports, then NIFTY and SENSEX likely to see a new peak.
Bank Nifty Option Tips
Bank Nifty Option Call Expiry 09 Feb 2017 strike price 20500, Sell below: 72.43 Targets: 72.29, 72.11, 71.93 Stop loss: 72.60.