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.
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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