Indian Stock Market Outlook for the week: Bull or Bear


Indian Stock Market Outlook for the week: Bull or Bear -After the deep correction in last September series, Friday market tries to open strong towards northwards but could not hold so.

Nifty share price finally closed at 47 lower 10930.50. Bank nifty share price could manage to end 77.70  points higher than the September expiry and closed at 25119.85.

There were many issues in the last series which drag down the market in deep correction. It started with Trade War between Us and China, increase in crude price, rupee depreciation, then PSU bank merger and lastly Yes Bank and Liquidity crisis.

Next week in Indian stock market we have big even like RBI monetary policy and Auto sales report. RBI policy can turn the market sentiments into positive. MPC can cut CRR and ease out the Liquidity in the market. Now let us look the technical aspect of Nifty and Bank Nifty future share price moves.

Stock Market Outlook for the week - Are we in the bear market?
Stock Market Outlook for the week - Are we in the bear market?

Nifty and Bank Nifty Future Technical Outlook:


Nifty Weekly Outlook


Primary Trend of Nifty Future: Corrective  OHLC-(11174.5/11185/10892.15/10954.30)

Range Bound Trend: All up moves initiates profit booking (Sale) @ 11060 whereas all down moves initiate short covering (Buy) @ 10875

If Nifty future share price moves above 10999 then you should Buy with 1st Target of 11112 during the day or any point during the week by Trailing the Stop Loss  from 10870-10942-10985-11050-11120-11160 FOR the Target of  11168-11223-11293

If Nifty future share price moves below 10930 then you should Sell with 1st Target of  10818 during the day or at any point during the week by Trailing the Stop Loss from 11075-10990-10945-10880-10810-10765 FOR the Target of  10762-10707-10637


Stock Market Outlook for the week - Are we in the bear market?
Stock Market Outlook for the week - Are we in the bear market?


Bank Nifty Future Weekly Outlook


Primary Trend of Bank Nifty Future: Corrective  OHLC-(25749.90/ 25749.95/ 24706.75/ 25214.70)

Range Bound Trend: All up moves initiates profit booking (Sale) @ 25560, whereas all down moves Initiate Short Covering (Buy) @ 24912


If  Bank Nifty future share price moves above 25355 then you should Buy with 1st Target of 25755 during the day or any point during the week by Trailing the Stop Loss  from 24910-25150-25310-25550-25800-25950 FOR the Target of 25955-26155-26400

If Bank Nifty future share price moves below 25110 then you should Sell with 1st Target of  24715 during the day or at any point during the week by Trailing the Stop Loss from 25560-25315-25160-24915-24670-24520 FOR the Target of 24510-24315-24070

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Happy Investing!!!
Finogyan Team


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Indian Stock Market Outlook for the week: Bull or Bear Indian Stock Market Outlook for the week: Bull or Bear Reviewed by Finogyan on September 30, 2018 Rating: 5

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Weekly Market Updates | Stocks in News in Indian Market

Stocks in News in Indian Market

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