Market Outlook for Next Week
Weekly Gain/ Loss
Nifty: +80
Bank Nifty: +182
Technical Outlook: After a good bounce in the last week, nifty consolidated this entire week. The support and resistance for this week too remains similar. Support is found at range of 10400 and resistance around 10650, if it breaks out of 10650 it might head towards 10850
Bank Nifty too consolidated where as few stocks like yes bank out performed. Above 25800 it can head one more percent higher. Where it finds very strong resistance around 26000. Above this level we can expect it to head towards 26700. Bank Nifty finds support around 25500, below which it can once again test 25000.
Nifty: +80
Bank Nifty: +182
Technical Outlook: After a good bounce in the last week, nifty consolidated this entire week. The support and resistance for this week too remains similar. Support is found at range of 10400 and resistance around 10650, if it breaks out of 10650 it might head towards 10850
Bank Nifty too consolidated where as few stocks like yes bank out performed. Above 25800 it can head one more percent higher. Where it finds very strong resistance around 26000. Above this level we can expect it to head towards 26700. Bank Nifty finds support around 25500, below which it can once again test 25000.
Stock Picks For Next Week
Stock Name
|
CMP
|
Above/ Below
|
Target 1
|
Target 2
|
Stop Loss
|
Maruti
|
7270
|
7350
| 7480 |
7600
|
7200
|
Yes Bank
|
227
|
230
| 238 |
245
|
220
|
Aurobindo Pharma
|
815
|
820
| 850 |
880
|
800
|
Thanks for sharing valuable information.
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