Market Outlook For 3rd-Week-January
On Friday (16/01/15) Nifty closed at 8513. The Markets were weak during the initial days of this week but thanks to the RBI Rate
Cut, which brought cheers to Indian Markets. After the rate cut Nifty managed to gain over 250 points and Rupee too was appreciated. For the next week market momentum looks certainly strong, if global cues support then we can expect Nifty to touch 8650-700 by January end itself. The biggest beneficiaries of this rate cut will be Banking Sector, Housing Finance Sector and even the Real Estate.
Last Week(Market Outlook for 2nd-Week-January) you were recommended to accumulate Bank Nifty 20000-Feb-CE around '150' and on '15th-Jan' it mad a high of 350.
With rate cut this week and budget which is nearing, will keep the Market momentum positive. We can expect Bank Nifty To Touch 19750-20000 and Nifty to touch 8700-750 levels before budget.
-Targets For 19-Jan-2015(Monday) is Posted Below
Cut, which brought cheers to Indian Markets. After the rate cut Nifty managed to gain over 250 points and Rupee too was appreciated. For the next week market momentum looks certainly strong, if global cues support then we can expect Nifty to touch 8650-700 by January end itself. The biggest beneficiaries of this rate cut will be Banking Sector, Housing Finance Sector and even the Real Estate.
Last Week(Market Outlook for 2nd-Week-January) you were recommended to accumulate Bank Nifty 20000-Feb-CE around '150' and on '15th-Jan' it mad a high of 350.
With rate cut this week and budget which is nearing, will keep the Market momentum positive. We can expect Bank Nifty To Touch 19750-20000 and Nifty to touch 8700-750 levels before budget.
-Targets For 19-Jan-2015(Monday) is Posted Below
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