Indian Market Outlook For The Week – 18 to 22.12.2017

Indian Market Outlook For The Week – 18 to 22.12.2017

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             Equity Cash/Futures/Options Segment 

The Benchmark domestic indices are seen opening higher on Monday as exit polls showed that the incumbent Bharatiya Janata Party will win the Gujarat elections. However, the outcome of the Gujarat polls has been mostly factored, so the market does not see a huge rally. Next week, the Nifty 50 is seen moving in the range of 10300 to 10500 levels. If the Nifty 50 tops 10400 points, it may climb up to 10700 points. The index may find support at 10250 points, but if it breaches that level it may fall below 10000 points. Stocks of banks are expected to trade in a range astraders continue to unwind their long position in these companies.

Source : Cogencis Information Services Ltd.

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