Market Outlook for Next Week
Weekly Gain/ Loss
Nifty: 98 (1.13%)
Bank Nifty: -241 (-1.24%)
Technical Outlook: Nifty is consolidating between 8750 and 8500. The momentum looks positive and can try to break above 8750 and a close above which nifty can surge 100 more points to 8850-8900. The immediate support comes in at 8500 and below which nifty can come down to 8300-8180.
Fundamental Outlook: Fundamentally Nifty is overvalued might be headed for a correction in medium term
Nifty: 98 (1.13%)
Bank Nifty: -241 (-1.24%)
Technical Outlook: Nifty is consolidating between 8750 and 8500. The momentum looks positive and can try to break above 8750 and a close above which nifty can surge 100 more points to 8850-8900. The immediate support comes in at 8500 and below which nifty can come down to 8300-8180.
Fundamental Outlook: Fundamentally Nifty is overvalued might be headed for a correction in medium term
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