| Market This Week |
Last week Nifty closed above the 5,350 and most of the stocks closed at two-week high. A lot of FII money has flown after the positive news on the European crisis and thus contributed to the rally. This made our recommendations rally steep too. This week too looks positive with the NIFTY likely to move towards 5400. The global markets have looked strong. Our markets too would react to these positive happenings in Europe. But we would definitely need some sort of local motivation too in terms of policy decisions to move ahead. Fuel hike is a bothering and pending issue and we would see some news from the government since the parliament session is now complete. Markets would certainly react to it. There are many other events happening which are not worth discussing here but one thing for you to remember is, we would not see a rally right away as we would be trading in a range for this week too. We must be stock specific. Range-bound markets show good stock specific movements. |
