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Nifty: Dalal Street week ahead: Market at crucial juncture; stay highly sector & stock-specific


Indian equities continued a measured climb over the past five days, and have gone on to pile up some incremental gains. After a brief consolidation at the start of the week, Nifty has gone on to mark fresh lifetime closing highs each day, as liquidity continued to chase equities. The Dollar Index remained weak, which fuelled FII inflows to the emerging markets in general.
The headline index itself oscillated in a 326-point range and ended with a net gain of 246 points, or 1.83 per cent, on a weekly basis. This was the seventh straight week of gains for the index.
The coming week is a truncated one as the markets will be closed on Friday for Christmas. If we read the technical charts in isolation, the index is now highly overstretched on both daily and weekly timeframe charts. It is a different thing that a weak dollar is continuing to fuel FII inflows, and a surge in liquidity is helping the market momentum. ....

Nifty Services Sector Index , Bank Nifty , Nifty Financial Services , Nifty Realty , Nifty Energy , Dollar Index , Relative Rotation Graphs , Financial Services , Nifty Metal Indices , Metal Index , Auto Index , Nifty Pharma , Nifty Media , Consumption Indices , Nifty Infrastructure , நிஃப்டி சேவைகள் துறை குறியீட்டு , வங்கி நிஃப்டி , நிஃப்டி நிதி சேவைகள் , நிஃப்டி ரியல்டீ , நிஃப்டி ஆற்றல் , டாலர் குறியீட்டு , உறவினர் சுழற்சி வரைபடங்கள் , நிதி சேவைகள் , நிஃப்டி உலோகம் குறியீடுகள் , உலோகம் குறியீட்டு , ஆட்டோ குறியீட்டு ,