Nifty Outlook
Last week, domestic markets started on a weak note owing to some sluggish cues from the global markets. However, the optimist traders pounced on this opportunity and used decline to create bullish bets. As a result, we eventually managed to surpass the recent hurdle of 10,350-10,360 during the mid-week. This was followed by a continuation of the northward march throughout the remaining part of the week to conclude the week at 4-month high point.
In the recent past, despite intermediate hiccups, we maintained our bullish stance and advocated against going short on the market. The strategy played out well as