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

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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