Market Outlook and Sectors This Week

In the coming days, the Index may continue to track the upper band. It also appears to have created a broad consolidation range, with the 17,350-17,400 zone acting as support. Pattern analysis showed that Nifty is in a steep uptrend. The breakout that occurred after Nifty crossed above the 15,900-15,950 range is very much intact. The market looks overbought, but still, the primary trend remains intact. It is possible that the market ...

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Candlestick Chart

Market Outlook For Next Week And Sectors to Watch Out

Despite all apprehensions, the market showed no sign of weakness or consolidation. However, at this level buying a stock is not at all suggested, especially for retail traders. That does not mean the market is going to crash now. What I mean is to stay cautious and stay away from smallcaps and midcaps. India VIX has gone up 8.49 per cent to 14.5400 and Nifty is most likely to face stiff resistance ...

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