The last week of 2023 is anticipated to be sluggish as many foreign institutional investors (FIIs) are in holiday mode to celebrate Christmas and New Year, says Kunal Shah, senior technical & derivative analyst at LKP Securities. “Despite this, the Indian market is likely to exhibit strength, and a sustained Nifty level above 21,300 could … Read more
NEW DELHI: Notwithstanding the recent stress in equity markets over fears related to recession and rising Covid cases, Santy Rally may make investors richer towards the end of December if history is a clue. Market data of the last two decades shows that Nifty not only has an 80% chance of closing higher in December … Read more
Markets this week seemed to be embracing the Christmas spirit as both the festive colours adorned trading terminals. After bleeding red on Monday, bourses lit up green recovering significantly from lows. This strong pullback might have hinted that the market is getting ready to launch itself into a phenomenon widely termed as ‘Santa Claus Rally’. … Read more