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Below Quote On Morning Market 05 December 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services 

"The super Monday which delivered a 418 point rally in the Nifty is unlikely to be repeated with the same ferocity in the coming days. But the market construct stays bullish. The massive institutional buying of above Rs 7000 crores yesterday is a reflection of institutional confidence in the Indian market. It is important to understand that FPIs have reversed their selling strategy and have been consistent buyers during the last 7 days. There is accumulation happening in the frontline banking stocks. This, along with short covering and reasonable valuations, will keep this segment strong.
The market has the potential to go up by another 5 % in the next many weeks. Beyond that valuations will get stretched inviting correction in the market."

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