After volatile movements on either side, the benchmark Nifty50 finally ended the week with a net gain of 67.60 points or 0.66 per cent. Just as the Gujarat Election results or trends start trickling in on Monday, we will see the markets reacting in a volatile manner. We expect the short covering that took place in the week that has gone by to be effectively replaced with fresh buying. Also joining the likely relative outperformers will be the FMCG and Nifty Junior Pack. In the above Chart, they show relative performance as against NIFTY Index and should not be used directly as buy or sell signals.

Source: Economic Times December 16, 2017 07:46 UTC