Skip to main content

NIFTY OUTLOOK FOR UPCOMING DAYS , WEEKS, MONTHS

 


INDIAN MARKET NIFTY OUTLOOK FOR NEXT WEEK

 By Andrews Joseph

12th  February 2022

1.    Nifty is not able to break the ALL TIME HIGH of 18604 nor the low on 16th December 2021- 16410. and it was in consolidation phase for the past 5 months and closed in red down by 231 points ended in 17374 on friday day this week.

2.    In the above chart Nifty has formed a symmetrical triangle pattern on a daily time frame as well as in hourly time frame . neither the we can see an uptrend nor a downtrend hovering around and gave solid move of more than 8000 points up and down during this consolidation phase.

3.    Inflation data of US which is out on this week hits highest level in 40 years as price rise 7.5%  which is worry some factor as this will lead to fed tapering sooner and increase the interest hike in march itself.

4.    During the month of January 2022 FIIs sold about 41,346.35 crores whereas DIIs supported the Indian market by net purchase of 21,928 . retail buyers has also participated in buying.

5.    Again Midcap and small cap stocks has started to a  sell of since January this year. penny stocks are falling drastically.

6.    World indices American markets such as S&P 500 , Nasdaq and Dow are in  sell of mood dure to inflationary factors apart from that one of the FAANG (gang) stock facebook crashed 25% last week due to quartely result 

7.    Important Global events to be watched for the FED meeting on 14th February (happy valentines days) which will monitored closely across global investors and fed will have to hike the interest rates

8.    Some of the factors affecting the market is geopolitical issue , US has asked his citizens to evacuate as soon as possible fearing the RUSSIA will Invade UKRAINE. Massive troops has been deployed by Russian along the border of Ukraine and war drills are conducted with Belarus by Russian troops. (Though it is unclear whether RUSSIA will invade Ukraine). French president Immauel macron met Russian president Putin to de-escalate the tensions. ( note: separate blog with will written on this stay tuned).

9.Silver(23.569$ and Gold has risen 1858.89$ sharply on 12 February 2022. while the crude oil has hit a 7 years HIGH of 94.63 yesterday i.e 11th February 2022 

10. In the above chart the turning point will be 17140 for nifty which may act as crucial support for break down in coming days , weeks and months.

11. On the Upperside the target -1 will be 18027 and Target -2 will be 18355 provided if the market kept a close on higher side above 17800 on weekly time frame

12. Retail traders have to trade with strict stoploss or they can hedge their position and have to cautious before averaging .

13. FIIs are booking their profits since october last year and new retail investor are trapped by seeing a massive rally post covid crash.

NOTE:

No body can predict the market and I'm not trying to predict the market because market will go on its own way. There is a saying "Expect the unexpected".

 

OBSERVATION:

USDINR combined with US 10yr bond yield the RSI indicator is indicating at oversold zone .

Market not able to break the ALL THE HIGH for the past 4 months.

Market can break either way depend upon the some of the factors mentioned above.

RBI has not increased the interest rate seems to be positive . ( Still in india the inflation is still under control).

 

 

Quote for the day

 

" I have not failed. I've just found 10,000 ways that won't work ”

- Thomas A. Edison

 

 

Thank you

 

Disclaimer: The above content is only for training and educational purpose. Views may differ from one person to other person. And some information may be incorrect and the Blogger is not responsible at any point. I dont recommend anyone to trade based on the above information. Trading and investment involves huge risk. Please consult your financial advisor and iam not sebi registered advisor.

https://t.me/AMFTraderz

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

NIFTY ALL TIME HIGH

Nifty all time high  By Andrews Joseph Nifty has opened with a big gapup today of more than 70 points breaking all the resistance level and Infact no resistance level as of now. Opened with all time high and closed with all time high. Last time the rally was led by few stocks and sector but this time the rally was even across all sectors except IT stocks, which I have mentioned in my previous blog that IT stocks are slightly over valued. Important sectors which is noticed to be banking sectors which has made a surprise rally despite of growing NPA concerns, next quarterly result will be crucial as to see which bank has taken measures to curb the NPA ,as per my previous blog you can notice that I have mentioned that banknifty will help nifty to cross All time high. And bank nifty is trading at resistance zone. Midcap and small cap stocks has start to perform especially midcap stocks, which will be a sign of relief for retailers those who have invested in midcap stocks and their port...
Post a Comment
Read more

INDIAN BUDGET SUMMARY 2022

February 01, 2022 Andrews Joseph Some Hot topic for the budget: Import duties on gold, metal and consumer products Privatisation Capital infusion in psu banks Infrastructure Sector Agriculture Sector PLI schemes Taxation policy Defense Industry make in India Healthcare River link Ayushmaan bharat schemes Green Energy. INDIA FIN MIN SAYS INDIA RIVER LINKING FOR 5 RIVERS FINALIZED Draft DPRs of five river links, namely Damanganga-Pinjal, Par-Tapi-Narmada, Godavari-Krishna, Krishna-Pennar and Pennar-Cauvery have been finalized. Once a consensus is reached among the beneficiary states, theCentre will provide support for implementation. INDIA FIN MIN SAYS INDIA PLANS NEW PACKAGE FOR FARMERS WITH STATE GOVT For farmers to adopt suitable varieties of fruits and vegetables, and to use appropriate production and harvesting techniques, our government will provide a comprehensive package with participation of state governments INDIA FIN MIN SAY INDIA ECLGS SCHEME TO ...
3 comments
Read more

INDIAN MARKET WILL CORRECT OR CRASH

INDIAN MARKET WILL CORRECT OR CRASH    By Andrews Joseph 21ST NOVEMBER 2021 1.Nifty has made a top of 18,604 on 19th October 2021 and made intraday fall of more than 200 points on the same day, post that gradually made a correction of 4.67% around 840 points till 18th November. And ende at 17764 on 18th November  2. I have already updated on my telegram channel on 22nd October 2021 that we may see correction. Search the below link and join the telegram channel  https://t.me/AMFTraderz 3. The fall led by reliance and other banking sector., and a disastrous opening by largest opening by paytm which has fallen 25% on first and it is likely to be continued.   4.Midcap and small cap stocks has continued to decline . 5. World indices American markets such as S&P 500 , Nasdaq and Dow all were trading in ALL TIME HIGH  after minor correction during the month of August September. Will see a  trouble if their is any delay in debt ceiling ...
Post a Comment
Read more