|Market This Week
||We have had a fantastic rally last month. The best part being, all the banking stocks rallied with the bank NIFTY coming back to its track. The derivative data also suggested that SHORT covering added a lot of fuel to the rally which indicates that the overall sentiment is positive. We could say that this is just the start of a bull run and it is here to stay now. 5,750 will be a crucial resistance and the markets would breathe and consolidate at this level. This correction of 200-300 points would be healthy for the markets as the market moves one step behind to move two steps forward. After some consolidation we would see the next move towards 6100 on the NIFTY by the end of this year. 5500 would be a very strong support for the NIFTY below which one should become cautious. Till then you must make hay while the sun is shining.
Looking at FII buying below is a treat!! Congratulations to all the clients for huge money making last week!