Starting Samvat 2066 the new year, our markets ended almost flat. Nifty managing to closed at 5141.80

Samvat 2065 was a great year for our Markets, Investors and Traders. FII’s flooded money into Indian markets, zooming it up by more than 70% in a years time. Last Samvat i.e 2065 the Nifty closed at 2685, making a gain of 161 points.

This Samvat(2066), Small-caps outperformed Large and Mid caps by making a gain of 1.4% in just 1 hour. More than 300 small-cap stocks closed on upper circuit. Mid and large caps almost ended flat.

The Indies saw a very volatile session. Nifty opened at 5,159, 17 points higher from its previous close of 5142, Nifty made a Intraday high of 5176 and finally close 0.30 points lower. Sensex opened at 130 points higher at 17,453, and finally closed 3 points higher.

To continue the rally we must first see some consolidation of Nifty at 5100-5120 levels. This consolidation will ensure that we are still in a bullish market.

We maintain our buy rating on Nodia Toll for a years time, considering the companies expansion plan and fundamentally, it can give decent returns withing a years time. To view the enter details of the Stock call visit: Diwali Dhamaka… Buy NOIDATOLL

Hoping this year too will be great for Indian Markets, and the FII’s continue to pump money in the worlds fastest growing economies

Tags: new year for markets, Samvat 2066

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