|Market This Week
||Last week we had good news in terms of RBI cutting down the CRR by 25 basis points. However that was not sufficient for NIFTY to rally beyond 9000. Right now the markets are looking evenly poised and the next trigger would be the quarter 4 earnings. We don’t see the NIFTY breaking its resistance of 9000 soon. However we see a small correction coming in any time. The NIFTY would take a strong support at 8600. The range between 8600-9000 would be a strong consolidation zone for NIFTY and the more time it spends here, the better it would be for the markets in the long term. This week lets observe caution and inactivity. All the best!