Market View: Week starting 30th NOV 2015

Filed in Market Update by on November 30, 2015
Week Market View: Week starting 30th NOV 2015
Market This Week Last week the NIFTY closed at 7943 registering a gain of 1% over previous week. It closed above our support level of 7800 which is a good sign. Over the last couple of weeks the NIFTY has moved 2.3% upwards which shows a bullish bias and improved sentiments. The December derivative series also seems to have started on a strong note. Now the passage of GST in the winter Session of the Parliament could be a trigger for the markets to move higher. We will have to wait and watch what sections of the bill ultimately get passed and how the markets react. The markets would also look forward for the FED meet mid-December and the RBI monetary policy next week. We expect the markets to consolidate this week with short up-down moves. 7800 remains a good support and 8100 will act as a resistance for this week. Let’s wait and watch how things turn up. All the best!

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