Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Market Commentary

| More

Nifty and Sensex may test the levels of 12300 and 40700 respectively in 2019: Epic Research

Posted On: 2019-04-10 10:35:11

Mr. Mustafa Nadeem, CEO, Epic Research

The market amidst with the major event in short term i.e. the Lok Sabha Elections, will have some impact and increase the volatility in market, but this will also be able to establish the plot for a long term trends. Other factors that are likely to drive the market in near term are, lower inflation is main factor that brings in other points to the table. Lower interest rate environment, Federal Reserve Dovish Stance, Higher Capital Inflow and Appreciating Rupee (near term). These are some factors that will drive the Indian equity markets in 2019. Crude oil is an another factor that may cap the upside as the supply side concerns, continuous fall in supply, lower output, Sanctions on Oil producers are fueling the crude oil prices.

We are extremely bullish on the levels of Nifty/Sensex which may lead Nifty to test the levels of 12300 while Sensex should test 40700.

The market for this year seems to be fairly bullish in terms of its trend. The underlying primary trend is bullish which has not been violated yet. Market on higher time frame is looking in much better shape as the noise is less over there. Trending above its longer term moving averages like 50, 100 and 200 gives it a clear thrust on any dips. We have been performing, rather outperforming, the global indices in terms of returns for last 1 year. The intermediate target for market is placed at 12100 - 12200. These numbers now seem to be very close. With Lok Sabha elections on the horizon, we believe there may be some rise in volatility that can hurt any short term directional investor. Hence, it will be prudent to utilize any dips towards those crucial moving averages such as 20 and 50. We believe these dips should rather provide a comfortable risk that can be taken to reap the benefits. One should look to accumulate in the area of 11100 - 11200 as these are point of inflection for this uptrend.

The sectors that are likely to be in focus along with their respective stocks are Financials with ICICI Bank, RBL Bank and Yes Bank, IT with its major players like Infosys, HCL Tech, Utilities and Hotels.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Crude oil spoils the party, crucial support at 11549: Angel Broking

11500-11700 is the range for expiry week: Angel Broking

INDIA VIX at 3 year high: Angel Broking

Technical & Derivatives Report - 22nd April 2019 - Angel Broking

Nifty set to head higher after two days of consolidation - Angel Broking

Epic Research remains bullish because of RIL results post market

Technical & Derivatives Report - 18th April 2019: Angel Broking

Nifty clocked fresh record highs, traders eyeing 12000 now: Angel Broking

Nifty finally enters uncharted territory, reaches new milestone of 11800: Angel Broking

Technical & Derivatives Report - April 16, 2019 - Angel Broking

Market still under a consolidation range - April 16, 2019 - Market Strategy - Share India Securities Ltd

Index out of small consolidation band, eyeing new highs now: Angel Broking

Index futures attracting fresh longs: Angel Broking

Q4 results, IP data will drive market in coming week : CapitalAim

Market consolidates further, still better to be with the trend: Angel Broking

Market Strategies for Friday April 12, 2019 - Share India Securities Ltd

Appreciation in Rupee and inflows from FII adding positive sentiments to the market: Epic Research

Heavyweights led to some correction, 11549 becomes a key support: Angel Broking

Banking and Auto counters lifted markets higher, optimism to extend further: Angel Broking

Call writers surrendered their arms: Angel Broking

Nifty bullish stance with an upside range of 11800-12200 - CapitalAim

Strong bout of profit taking, fortunately key supports defended: Angel Broking

INDIA VIX spikes over 9% to close above 20: Angel Broking

Head start for the new financial year, fresh record highs soon: Angel Broking

Forex Reserve and CPI may impact market in short term - CapitalAim

Crude oil, Currency movement, Manufacturing & Industrial numbers are most likely to drive the coming week market: Epic Research

25 Bps Repo Rate Cut Is A Growth Infusing Decision By RBI: ASSOCHAM

Market Outlook - Friday April 5,2019 - Share India Securities Ltd

The rate cut will likely to attract much liquidity for the economy: Epic Research

RBI's rate cut by 25 basis points, keeps CRR unchanged - TradingBells

RBI cuts repo rates by 25 bps as anticipated: Angel Broking

First Bi-monthly Monetary Policy Statement, 2019-20

RBI Monetary Policy Review - Acuité Ratings and Research

Extension of profit booking post the RBI monetary policy, still no reason to worry for: Angel Broking

Some reality check for traders, still trend remains bullish: Angel Broking

Market Strategy for Wednesday, April 3, 2019 - Share India Securities Ltd

Nifty just a kissing distance away from all-time highs: Angel Broking

Market report by Mr. Manish Yadav, Head of Research, CapitalAim

Despite strong profit taking, markets managed to close in the green: Angel Broking

RBI's monetary policy and Auto sales numbers will drive market - CapitalAim

Highest closing in last six months, expiry in favor of mighty bulls: Angel Broking

Rollovers above 3-month average: Angel Broking

BankNifty defends 30000 amidst higher volatility ahead of expiry: Angel Broking

Some jitters as we move above 11500: Angel Broking

Market recoups losses; courtesy to banking and midcap baskets: Angel Broking

BankNifty gains 600 points in a single session: Angel Broking

Nifty index towards 11700-12000 level - Debabrata Bhattacharjee, Head of Research, CapitalAim

March series to perish above 11600: Angel Broking

Markets today: Mr. Mayuresh Joshi - Portfolio Manager, Angel Broking

Correction on global tremors; but still no reason to worry for: Angel Broking

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019