Sensex, Nifty: There is a high probability of "Santa Rally’ occurring between the last 2 weeks of the calendar year and the 1st week of the new calendar year – December 15 to January 5, resulting into a broad-based buying in the overall market.
The benchmark Nifty has declined from a high of 24,858 level to a low of 24,180 level recently, but if one were to go by JM Financial a Santa rally is in the offing. The domestic brokerage believes the recent decline in stock market is offering investors an opportunity to assume a tactical long position over the next 3 weeks.
Source Link: Stock market: Santa rally next? 8 stocks to watch in next 3 weeks - BusinessToday