Market View: 4-8 DEC 2017

Filed in Market Update by on December 4, 2017
Week Market View: 4-8 DEC 2017
View Last week the NIFTY closed at 10121.80 registering a loss of 2.58% over previous week. Primary reasons for it being widening fiscal deficit and rising crude prices. There is a moment of caution in the markets with upcoming events like FOMC meet, RBI policy meet and Gujarat assembly elections. This week the markets will look forward to the RBI policy scheduled for December 5th and 6th. A few BSE companies would be declaring their results and a few companies would be in limelight regarding their AGM and dividend announcements. Now the all-important support for NIFTY is 10,100 levels. Any fall below this would take NIFTY to 10,000. We could expect weakness this week as the NIFTY is trading below its 50 days exponential moving average. This could just trigger a sell off. Let’s observe caution for this week and keep a low profile. All the best!

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