Market View: 25-29 DEC 2017

Filed in Market Update by on December 26, 2017
Week Market View: 25-29 DEC 2017
View Last week was great for the markets as the NIFTY closed at 10493 registering a gain of 1.55% over previous week. It closed just below the psychological mark of 10,500. Primary reasons for the rally were short coverings, BJP’s victory in Gujarat and Himachal and also due to global cues where the US passed a bill that slashes the corporate tax from 35% to 21%. Now this week being a truncated one is likely to be range bound. It also marks derivative expiry for December. The FII’s are also out in the festive season celebrating year end holidays. So we can expect minimal activity this week. The markets would take their next set of cues from the winter session of the parliament where the passage of some important bills will be closely watched. Technically on the charts the NIFTY is looking bullish and starting January we expect NIFTY to hit 10700. Good time to be a part of the markets. All the best!

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