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    MARKET OUTLOOK FOR THE WEEK: 15-08-2016

MARKET OUTLOOK FOR THE WEEK: 15-08-2016

Nifty ended on Friday at 8672 down around 11 point from the previous week. The undercurrent of the market is still positive, despite weak momentum.  Investors are entering into the markets at every dip.  Nifty has immediate resistances at 8700 and 8728.  If these two levels have been taken off

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    MARKET OUTLOOK FOR THE WEEK: 08-08-2016

MARKET OUTLOOK FOR THE WEEK: 08-08-2016

Last week Rajya Sabha approved GST constitutional amendment bill, but market discounted the news. Wednesday and Thursday we saw profit booking and on Friday FII led buying kept the Nifty above the 8650 mark.  Going forward Nifty is likely to move up further towards 8720 and 8769. Even though the

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    MARKET OUTLOOK FOR THE WEEK: 01-08-2016

MARKET OUTLOOK FOR THE WEEK: 01-08-2016

Nifty made a new 52 week high on last week, but minor profit booking on Thursday and Friday erased some of its earlier gains.  Nifty Friday closed at 8638 and it is likely to test 8715 in the near term.  Optimism about passing GST Bill and expectation of moderate rate

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    MARKET OUTLOOK FOR THE WEEK: 25-07-2016

MARKET OUTLOOK FOR THE WEEK: 25-07-2016

Last week we saw minor profit booking ahead of the earning season and overbought situation of Nifty.  The daily RSI is currently placed very close to its dangerous range of 70. So a sharp uptrend is not predictable unless if there is no major positive triggers.  The GST Bill has

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    MARKET OUTLOOK FOR THE WEEK: 18-07-2016

MARKET OUTLOOK FOR THE WEEK: 18-07-2016

After the substantial rise in indices it seems that markets likely to lose its upward momentum, especially when the Relative Strength Index indicates the overbought situation of the market. The 14 day RSI of Nifty stood at 66.4 and the daily RSI at 69 levels. Once RSI reaches at around

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    MARKET OUTLOOK FOR THE WEEK: 11-07-2016

MARKET OUTLOOK FOR THE WEEK: 11-07-2016

Markets showed a bit of nervousness on the last trading days of the week and it closed finally at 8323. We can expect a positive opening on Monday because of strong closing of US markets after US job growth data.  The non-farm payroll increased by 2,87,000 jobs last month, largest

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    MARKET OUTLOOK FOR THE WEEK: 04-07-2016

MARKET OUTLOOK FOR THE WEEK: 04-07-2016

  After heavy sell-off in the last week due to Brexit, markets recovered smartly from the day one and finally on Friday it closed at 8328. The recent surge is an early indication of a bull market if there is no negative news from the EU zone. Nifty has immediate

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    MARKET OUTLOOK FOR THE WEEK: 27-06-2016

MARKET OUTLOOK FOR THE WEEK: 27-06-2016

Market was in a tight range from Monday to Thursday, even we saw mild recovery on Thursday ahead of the Brexit voting results, on expectation that UK will remain in EU.  On Friday Nifty and Sensex opened with a gap down and Sensex moved down by around 1000 points after

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    Gold and Crude Outlook: 20-06-2016

Gold and Crude Outlook: 20-06-2016

Last week both US Federal Reserve and Japanese Central Bank unchanged the interest rates was a relief for the markets.  After Federal Reserve stand on interest rate Gold made a new high, tested $1316 per troy ounce.  Going forward the yellow metal is likely to make higher tops and higher

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    Market Outlook for the Week: 13-06-2016

Market Outlook for the Week: 13-06-2016

After a sharp uptrend Nifty started showing weakness due to overbought situation and weak global cues and finally Nifty closed at 8170.  Profit booking started Thursday onward and continued on Friday also.  Europe and US markets were also witnessed profit booking and Euro zone markets closed at two weeks lows.

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