|Market This Week
||Last week the NIFTY rallied and held the levels of 6000 on the lower side. It kicked the December series with a bang!! Heavy volumes were seen and surprisingly money came in from domestic institutions and investors rather than from the FII’s. Thus a good amount of demand has been created now and bright sunny days are expected in the times to come. A lot of events have been lined up for the month of December including the results of state assembly elections in MP, Rajasthan, Chhattisgarh, Mizoram and Delhi. These results will somewhat portray the overall public sentiments and the possible outcome of the Lok Sabha elections and also the next direction of the NIFTY. Historically, the months of December has brought a lot of positives to the markets and it is very much likely that the NIFTY would make a new high. The first half of the month could be range bound but gradually the bulls would be in control. If the NIFTY crosses 6200, then a movement of 100-150 points can be expected in no time.