Is Nifty Ready for a Santa Rally This Week?

Nifty ended its four-day losing streak on Friday, but the gains were not enough to avoid a 0. 3% weekly loss. With global markets quiet due to holidays, trading volumes were expected to stay low. This week, investors will be watching global trends, changes in the BSE index, foreign and domestic investor activity, new stock offerings, key technical levels, and the rupee's value. Experts warn that Nifty may face resistance near 26, 000. However, if it can break through this level, it could trigger short covering. Support is seen around 25, 700, but the overall mood is cautious. Volatility is low, but optimism is cautious.This morning, global markets showed mixed signals. To discuss these trends, Lovisha Darad will speak with Rajesh Palviya, Senior Vice President Research (Head Technical & Derivatives) at Axis Securities, and Anand K Rathi, Co-Founder of MIRA Money. The Santa Rally is a phenomenon where stock markets tend to rise in the last week of December. Will Nifty follow this pattern? Only time will tell.