Stock Market News Weekly Nifty Report Dec 2015
Trading for the week began with a marginal upside gap on Monday, citing a massive rally on the US bourses on the previous Friday. However, our markets failed to keep the momentum
going; in fact, the Nifty shaved off all the early gains and eventually went on to close the day with a loss of 0.21%. The next couple of sessions were clearly dominated by the bears and in the process, the Nifty went on to test the 7600 7600 7600 7600 7600 mark.
On Thursday, we witnessed a minor bounce, proving to be a much required breather of the bulls. However, this small up move
also got sold into on Friday as the Nifty slipped below the 7600 7600 7600 760 7600 mark during the session. The index ended yet another week in the red, with a cut of over 2%.
Despite some positive cues on the global front during the beginning of the week, our markets clearly showed their lack of strength as four out of the five sessions of the week ended
well inside the negative territory. In our last report, we had mentioned about the strong support of
7700 7700 7700 7700 7700.
going; in fact, the Nifty shaved off all the early gains and eventually went on to close the day with a loss of 0.21%. The next couple of sessions were clearly dominated by the bears and in the process, the Nifty went on to test the 7600 7600 7600 7600 7600 mark.
On Thursday, we witnessed a minor bounce, proving to be a much required breather of the bulls. However, this small up move
also got sold into on Friday as the Nifty slipped below the 7600 7600 7600 760 7600 mark during the session. The index ended yet another week in the red, with a cut of over 2%.
Despite some positive cues on the global front during the beginning of the week, our markets clearly showed their lack of strength as four out of the five sessions of the week ended
well inside the negative territory. In our last report, we had mentioned about the strong support of
7700 7700 7700 7700 7700.
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