Indian Stock Market Outlook - How to trade in F&O Expiry week: Nifty share price touched all-time high at 11620.70 and Sensex also hit 38487.63 last week. But global cues and rupee depreciation on the last day of the week dragged down the Bank Nifty and Nifty share price and market ended in red. Last week market rallied by few large-cap stocks like Reliance, L&T, midcaps also participated but small-cap participation was not seen.
Indian stock market outlook: Next Week's Events
For next week trade in Indian stock market one need to take care of the global cues like the tension between the US and China, as the talks between the two countries ended in without any outcome. One needs to follow the crude oil price and also the rupee related issue if the rupee depreciates further market is going to fall.
In the domestic front, one should follow the GDP growth rate for the quarter ended, Foreign Exchange reserve for the week and Auto sales figure.
Nifty Future Weekly Outlook
Primary Trend of Nifty Future: Long OHLC-(11518.95/11622/11510.05/11571.60)
Range Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 11633 whereas All Down Moves Initiates Short Covering (Buy) @ 11512
- If Nifty future share price Moves Above 11595 then you should Buy with 1st Target of 11650 during the day or any point during the week by Trailing the Stop Loss from 11538-11581-11607-11633-11650-11676 FOR the Target of 11677-11698
- If Nifty future share price Moves Bellow 11551 then you should Sell with 1st Target of 11495 during the day or any point during the week by Trailing the Stop Loss from 11607-11581-11564-1138-11511-11495-11469 FOR the Target of 11469-11447
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| Share Market Outlook - How to trade in F&O Expiry week |
Bank Nifty Future Weekly Outlook
Primary Trend of Bank Nifty Future : Moderate Corrective OHLC- (28290/ 28377.60 /27861.25 /27908.80)
Range Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 28193, whereas All Down Moves Initiates Short Covering (Buy) @ 27630
- If Bank Nifty future share price Moves Above 28010 then you should Buy with 1st Target of 28268 during the day or any point during the week by Trailing the Stop Loss from 27752-27874-27949-28071-28193-28268 FOR the Target of 28438-28528
- If Bank Nifty future share price Moves Bellow 27812 then you should Sell with 1st Target of 27555 during the day or any point during the week by Trailing the Stop Loss from 28072-27950-27875-27783-27631-27555 FOR the Target of 27433-27335
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Happy Investing
Finogyan Team
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