Short-n-sweet week!
Is the worst over for the bulls? Are we out of the woods? These and many similar questions must be going through the mind of investors. After weeks of turmoil in global markets, suddenly everything appears calm. Global markets are trading firm again and US Federal Reserve has indicated it is no longer biased toward higher borrowing costs.
If domestically, cement companies reach an amicable solution with the Government on prices, we may see another week of gains. However, inflation still remains a worry. Again, expect inflation to cool in the coming month due to the base effect. For the near term, the revival in inflows from the FIIs might provide some support. The market could see some added volatility ahead of the expiry. Moreover, Tuesday markets are closed. So the shortened session could see bigger swings. Expectations are mutual funds will try and see that the NAVs are propped up for the year end. In short, expect some gains for the coming week. And booking profits at higher levels in your holding stocks should see you comfortably before the results set in.