Market Outlook for Next Week
Weekly Gain/ Loss
Nifty: -81 (-0.94%)
Bank Nifty: -304 (-1.54%)
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: -81 (-0.94%)
Bank Nifty: -304 (-1.54%)
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
|
Dr Reddy
|
3324
|
3350
|
3450
|
3525
|
3275
|
Bajaj Finserv
|
3420
|
3450
|
3550
|
3625
|
3380
|
BEL
|
1323
|
1350
|
1390
|
1430
|
1390
|
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