|Market This Week
||Almost all the days last week, NIFTY closed in red and corrected. That was expected. With the Delhi election exit polls predicting a BJP loss, there has been a good supply in the markets already since last week. This supply is likely to continue this week too and hence, we expect the NIFTY to correct further. For this week, let’s stay away from the markets as it would be a week full of uncertain events. 8600 will be the first important support for NIFTY and if that is taken off, then it would be 8250 (we don’t expect NIFTY to go below 8250). This correction should be treated as a routine one in the bull rally. All the best!