NIFTY 50

Nifty to remain rangebound between 9,900 and 11,000 zones, says CLSA

Updated : January 07, 2019 11:46 AM IST

The Nifty index is expected to remain rangebound between 9,900 and 11,000 zones, said Laurence Balanco of CLSA, adding that he expected 2018 lows to be re-tested.

Talking about global markets, Balanco said, “Emerging markets lead by China drove the initial breakdown in global trends and then Europe joined the party in the Q3 with Germany breaking down and the most recent market has been the US market and I think it’s really the US that drives 14-15 percent down in the decline.”

According to him, emerging markets should outperform developed markets and US in particular in 2019.
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