Market Outlook For Next Week
Weekly Gain/ Loss
Nifty: 109 (1.28%)
Bank Nifty: 606 (3.18)
Technical Outlook: Nifty is consolidating between 8800 and 8500. If Nifty can break above 8800 and a close above, the momentum the builds might push nifty 100 more points to 8950-9000. The immediate support comes in at 8500 and below which nifty can come down to 8350-8250.
For Bank Nifty, Nearby resistance is at 19750, 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 18800-18600.
Nifty: 109 (1.28%)
Bank Nifty: 606 (3.18)
Technical Outlook: Nifty is consolidating between 8800 and 8500. If Nifty can break above 8800 and a close above, the momentum the builds might push nifty 100 more points to 8950-9000. The immediate support comes in at 8500 and below which nifty can come down to 8350-8250.
For Bank Nifty, Nearby resistance is at 19750, 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 18800-18600.
Stock Pick For Next Week
Stock Name
|
CMP
|
Above/ Below
|
Target 1
|
Target 2
|
Stop Loss
|
Biocon
|
1003
|
1010
|
1045
|
1070
|
975
|
Indusind Bank
|
1221
|
1240
|
1275
|
1300
|
1215
|
BPCL
|
667
|
680
|
700
|
720
|
655
|
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