|Market This Week
||Last week the NIFTY nullified all the initial losses by a massive rally on Friday. Overall the NIFTY registered a loss of 0.3% over last week but the Friday’s close could be termed as a short term ‘Breakout’ above consolidation. However, a certain breakout can be certified only if the RBI meet this Tuesday meets the expectations of the markets. If it does we would see a rally from here on where NIFTY would touch the levels of 8600. On the contrary if the RBI meet disappoints, then the NIFTY could fall down to 8200. So technically both the things can happen though chances of NIFTY rallying is more as can be judged from Fridays break out. All said and done, intelligence says that we should stay on the sidelines for this week too and see how things shape up. Also note that the RBI meet and the likely rate cut can have an impact on the markets only in the short term. The current state where India stands right now, we are all set to see massive growth from here on and the markets are bound to keep rallying in the longer version. All the best!