|Market This Week
||Last week the NIFTY made higher tops and higher bottoms and registered a gain of approximately 2.2% over last week amidst good volumes. Moody’s upgrade last week affirmed that that there is no more policy paralysis and it reflected the massive steps taken by the government in the past one year. That indicates that we have moved out of the correction zone and have joined the mainstream of our bull run. However to full justify this statement the NIFTY will have to break the all-important resistance of 9000. The NIFTY would take a good support at 8400 and we should worry only if this level is taken off. This week the markets will keep their eyes glued on the earnings. The earnings are not likely to surprise the markets. The immediate resistance for this week would be 8800. Our long term bull rally is intact and we appeal to you to stay disciplined. All the best!