Weekly Wrap Up


As suggested in our last week’s “Weekly Wrap Up” Nifty bounced backed to 8250 level and did not sustain at the higher levels. Nifty witnessed selling pressure at the higher level and closed the week with a minor loss of 0.3%.

The week ahead is full of economic events. In the week ahead, the US central bank policy decisions will be watched closely. In the upcoming week three Federal Reserve officials are due to speak, and their comments will be closely watched ahead of the Fed meeting on December 13-14.

On the domestic front, the Reserve Bank will come out with monetary policy review on Wednesday and The Monetary Policy Committee (MPC) will put the resolution on its website at 2.30 pm on December 7, 20

Traders should be very careful this week. Nifty is likely to witness wild swings. While the bounce back can take Nifty to 8250-8300 . Any breakdown below 8000 can take Nifty to 7900-7930.

BSE Sectoral Indices Performance

 This Week Previous Week% Change
Health Care 15,624.515,626.60.0
FMCG 7,954.97,940.50.2
Consumer Durable10,965.111,039.0-0.7
OIL & GAS11,727.111,752.5-0.2

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