Nifty outlook
Last week, trading started on a flat note but as the week progressed, we witnessed a gradual up move in the market. The optimism in global peers (especially the US bourses) was the main catalyst behind this strength in our markets. Almost each session during the week started with a decent upside gap and importantly, it managed to hold on to it. The similar sort of strength was visible on Friday as well at the opening as Nifty was very much on the move towards its record highs. However, all of a sudden, traders chose to take some