Posted By : Kishore B.S
On Friday it was a dull session, as the Nifty traded in a narrow range through the day and managed to close marginally above 7500, majorly supported by IT and Pharma stocks.
It is rightly said that bull market are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
Now the Indian market are like euphoria for domestic investors but FII are filling their basket by buying largely every day.
The consolidation may end once Nifty breaches above 7700, which could push Nifty higher above 8000. However, if Nifty pull back to the range of 7300-7400 it should be taken as an opportunity to enter or keep adding stocks to your portfolio.