Market Outlook for Next Week
Weekly Gain/ Loss
Nifty: +95 (+1%)
Bank Nifty: 326 (+1.36%)
Technical Outlook: Nifty breaks out of consolidation by heading above 8850. Next there is a very strong resistance which comes in around 9000 which might be broken after a small around of correction 1-2%. 8850 and 8750 both act as a very strong support for nifty and the momentum is expected to be positive for next week too.
Bank Nifty has been breaking out and reaching new highs. Banking stocks are losing traction bank nifty has entered a over bought zone, hence this might also witness a small correction to levels around 20500
Nifty: +95 (+1%)
Bank Nifty: 326 (+1.36%)
Technical Outlook: Nifty breaks out of consolidation by heading above 8850. Next there is a very strong resistance which comes in around 9000 which might be broken after a small around of correction 1-2%. 8850 and 8750 both act as a very strong support for nifty and the momentum is expected to be positive for next week too.
Bank Nifty has been breaking out and reaching new highs. Banking stocks are losing traction bank nifty has entered a over bought zone, hence this might also witness a small correction to levels around 20500
Stock Picks For Next Week
Stock Name
|
CMP
|
Above/ Below
|
Target 1
|
Target 2
|
Stop Loss
|
Rajesh Exports
|
511
|
525
|
550
|
570
|
510
|
DCB Bank
|
153
|
155
| 160 |
165
|
150
|
Godrej Consumer
|
1670
|
1700
| 1740 |
1780
|
1660
|
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