Market Outlook For 1st-Week-December

On Friday (28/11/14) Nifty closed at a life time high of 8588. Nifty rallied over 90 points to close above 8550, which was another resistance for Nifty. On Monday we can expect the markets to be volatile but, on Tuesday Monetary policy will be eyed and we can expect markets to be flat in the initial sessions of trade on Tuesday. Later during the day if there is a rate cut then we can expect a huge short covering on Tuesday and 8750-850 level will be not far for Nifty, In case if the interest rates are not cut then, this becomes a reason for a good correction and we can expect markets to correct 1.5-2.5%. The markets may correct to levels around 8430-350, before we see a next big bull run.




                                                                                           -Targets For 01-Dec-2014(Monday) is Posted Below