Market Outlook For Next Week

Weekly Gain/ Loss

Nifty: 44 (0.51%)

Bank Nifty: 8 (0.05)


Technical Outlook: Nifty is consolidating between 8750 and 8600. If Nifty can break above 8750 and a close above, the momentum the builds might  push nifty 100 more points to 8850-8900. The immediate support comes in at 8600 and below which nifty can come down to 8450-8380.

For Bank Nifty, Nearby resistance is at 19650, above which it can test levels of 19900-20100 in the short term. The support comes in at 19200 below which Bank Nifty can come down to levels of 1880-18600.






Stock Pick For Next Week

Stock Name
CMP
Above/ Below
Target 1
Target 2
Stop Loss






AB Nuvo
1434
1440
1480
1520
1415
Tata Steel
406
410
425
440
400
Jubilant Foodworks
1063
1070
1105
1130
1040


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