Overall - the mood of market is likely to be down. 8100 - 8200 is the level between which we can expect the market to over around. It is just a broader view since market is many times ;more smarter than us.
Coming months right till the announcement of Q3 results are tricky for following reasons
1. Xmas times.
Generally FIIs exist the market around these times. They make a wise come back well before the union budget, each year.
P Note issue -
P note issue may spring up like demonetisation which is mainly aimed at digging out the parallel currency in the society. Many shells are cracking while there is much more to open up. Even Benami issue - legislation on this having taken place some time back - is likely to cause trouble to the reality sector. Such development shall cause immense damage to the reality sector in particular and market in general.
In sum total -
1. Investment should be made in a much more wiser way with the aim of pulling out at each up move.
2. Long term - our economy shall play out far better than other Emerging Economies across the World.