Market View: Week starting 29th Dec 2014

Filed in Market Update by on December 29, 2014 0 Comments
Week Market View: Week starting 29th Dec 2014
Market This Week Last week was a passive one but it gave us a hint that the brief correction we had is over and that our 8000 support level was hard to break. This week too we expect less activity as there would be lack of participation from the FII’s who would be back only from January onwards. On the local front, there was a lot of expectations from the winter session of the parliament but it was not at all eventful. The government needs to push harder for as many reforms as possible. This will help the bulls be in control of the situation! We also have the budget coming up next year which would lead the next course of NIFTY. On the global front we have the Greece elections coming up which would spice up the European markets. So overall a lot of things are lined up and we expect a pre-budget rally too. For this week we have nothing really to worry for. 8100 would be an important support. Let’s take some time off from the markets and spend some good time with our friends and families. All the best!

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