On Thursday, the BSE Sensex closed almost 55 points higher at 4740.68 points against its Wednesday close of 4686.11 points. On the other hand, the S&P CNX Nifty on the NSE closed around 14 points higher at 1408.85 points compared to its previous close of 1394.65 points. However, according to market players, the thining volumes is not a very good sign for the market.

For Friday, most of the market players expect the market to remain strong. According to Rajiv Choksey at Kisan Ratilal Choksey Shares & Securities, ``I expect the markets to remain strong during the next few sessions driven mainly by buyings from the domestic funds.'' According to Choksey, ``Along withUTI, some smaller funds have also seen good inflow of funds during the last few weeks. I expect all these funds to come into the market as they have to be in equities majorly to give tax free dividends to the unit holders.''

However, Ambaressh Baliga at Kotak Securities prefers to be cautious. According to Baliga, the market is expected to react any moment and sees the recent rally as the last rally of the year. ``We are expecting another dip to come anytime before the first week of December. That will give the investors the right opportunity to enter the market,'' said Baliga.

And according to Rajiv Sampat at Parg Parikh Financial Advisory Services, ``From the current levels, the movement in the index almsot looks secondary. We are expecting stock specific movement for the next few days.''