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Weekly Market Forecast: 24th December to 30th December The Indians market ended in red for the week. The NIFTY, closed at 10,754.00 (10,805.45 last week) down 0.47%. The BANK NIFTY, closed with a small gain for the week at 26,869.65 (26,826 last week), up by 0.16% for the week. Both BSE Midcap and BSE Smallcap closed in green. Midcap Index closed at 15,253 (15,182.84 last week) with a gain of 0.46%. BSE Smallcap index closed at 14,633.62 (14,501.76 last week) stronger by 0.91%.

Markets last week see-sawed again around interest rate hike by the US Fed. US markets weakened by about 7-8%. US markets trends have turned negative or bearish on monthly and weekly basis. However, Indian market is still in bullish trend on monthly basis. We also have support from weaker crude prices and stronger rupee. Since this week is curtailed by Christmas holidays, we expect the market to remain sideways.

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Weekly Market Forecast: 26th November to 2nd December The Indians market ended weaker after three weeks of bulling movement. The NIFTY, closed at 10,526.75 (10,682.20 last week) down by a 1.46%. The BANK NIFTY, also closed negative at 25,999.45 (26,245.55 last week), weaker by 0.94 for the week. Both BSE Midcap and BSE Smallcap index were subdued too. Midcap Index closed at 14880.34 (14,997.81 last week) with a loss of 0.71%. BSE Smallcap index closed at 14,350.84 (14,485.88 last week) weaker by 0.93%.

The market (NIFTY) made a strong negative move, from a close by resistance level 10810. Reversal may be seen if the rupee maintains its level against dollar and Crude oil prices do not spike. On the political front, elections in the big states may continue to affect sentiments.

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Weekly Market Forecast: 5th November to 11th November The Indians market made a good weekly bounce back from a 13 month low. The NIFTY, closed at 10,553 (10,030 last week) up by a strong 2.95%. The BANK NIFTY, also closed had a similar bounce back and closed at 25,701.65 (24,421.05 last week), stronger by 2.97% for the week. Both BSE Midcap and BSE Smallcap followed the leading indices. Midcap Index closed at 14888.73 (13,870.15 last week) with a staggering gain of 7.34%. BSE Smallcap index closed at 14,464.68 (13,597.64 last week) stronger by 6.38%.

The market reaction was influenced by the ease of tension seen on the trade war, fall in crude oil prices, rupee appreciation, and macro factors. Some of the leading NIFTY stocks moved up in the range of 15-20% in the week. Movements in this, curtailed, week too will be primarily derived on second quarter results. The market indices are still in negative territory on a weekly basis. Since US markets closed in red on Friday, Indian markets are likely to open in red on Monday. During the week, one may look at INFTY touching 10,425 for a positive move. Data on performance of US, China and other leading economies will have a strong influence on market. Investors should continue a watch on Crude prices and USD-INR exchange rate.

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Weekly Market Forecast: 19th November to 25th November The Indians market ended with a strong gain in the week. The NIFTY, closed at 10,682.20 (10,585.20 last week) up by a strong 1.91%. The BANK NIFTY, also had a strong up move and closed at 26,245.55 (25,771 last week), stronger by 2.76% for the week. While BSE Midcap ended in green, BSE Smallcap index was subdued. Midcap Index closed at 14,997.81 (14944.20 last week) with a gain of 0.35%. BSE Smallcap index closed at 14,485.88 (14671.85 last week) weaker by 1.27%.

The market made a strong positive move which is expected to extend further. A strong resistance can be observed the range of 10930 – 11035. A correction is expected from this level. Strength of Indian rupee against USD, and Crude oil prices will play a key role. On the political front, elections in the big states could affect sentiments.

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Weekly Market Forecast: 22nd October to 28th October 2018 The Indians market corrected again after last week’s bounce. The NIFTY, closed in red for the week at 10303.55 (10472.50 last week) down by 1.61%. The BANK NIFTY, also corrected and closed at 25085.80 (25395.85 last week), weaker by 1.22% for the week. Both BSE Midcap and BSE Smallcap followed the leading indices. Midcap Index closed at 14,058.30 (14,286.22 last week) with a loss of 1.60%. BSE Smallcap index closed at 14,082.92 (14159.43 last week) down by 0.54%.

The market reacted sharply over the second quarter results of biggies viz. Reliance Ind, HCL Tech, Ultratech Cements, Hero Motocorp, Infosys, ACC and IndusInd Bank. Movements in this week too will be primarily derived on second quarter results. The market indices are still in negative territory on a weekly basis. Key data on performance of US economy will have a strong influence on market.

  1. P3 Financial Bulletin Weekly Market Forecast: 15th – 21st October 2018
  2. P3 Financial Bulletin Weekly Market Forecast: 1st – 7th October 2018
  3. P3 Financial Bulletin Weekly Market Forecast: 24th – 30th September 2018
  4. P3 Financial Bulletin Weekly Market Forecast: 17th – 23rd September 2018

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