Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Market Commentary

| More

Q4 earnings, Election vibes, Oil and global markets that will steer market next week - CapitalAim

Posted On: 2019-05-04 14:37:07

Mr. Manish Yadav, Head of Research, CapitalAim

The Benchmark Nifty50 started the week on a negative note due to some profit booking from higher levels and remained range bound in the short trading week, as markets were closed on Monday and Wednesday. It traded between the range of 11800 to 11650 levels on daily charts. Nifty is consolidating around higher levels but could not sustain above important levels of 11800. Traders are cautious of general elections as now the elections have entered its midway. However, the slowdown in economic growth could be a matter of concern for traders & investors. Once Nifty sustains above 11800 levels then we could see a further uptrend in it but if it does not sustain above this level then there could be fall in Nifty till the support of 11550 levels.

On Friday market, Benchmark Nifty opened on a positive note and made a high of 11766.75 in the first half of the session but then it remained sideways. This positive start was due to fall in crude oil prices and strength in Indian Rupee which are positive factors for the Indian market. Along with this, gains in HDFC Bank and Kotak Mahindra Bank also added to the positive start of the Benchmark Index for the session but slower to 8 month Factory Growth & decline in PMI to 51.80 in April from 52.60 in March and also with the stronger Indian Rupee, IT stocks shown some decline which capped the gains in Benchmark Nifty.

Next week would have a normal number of trading sessions but there would be 5th phase of general elections out of total 7 phases. Key results, index heavyweight Bharati Airtel, ICICI Bank, Titan, HCL Tech etc. will declare its March quarter results this week. On the global front, early next week China & Japan would return from holidays. On Friday, investors would keep an eye on the release of key Average Hourly Earnings, Non-Farm Employment Change, Unemployment Rate, and other directional cues. Also, one should track Fed Chair Powell Speaks on Thursday and CPI & Core CPI data on Friday.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

No signs of trend reversal, avoid taking any contra bets: Angel Broking

Daily market commentary - November 1, 2019 - BONANZA PORTFOLIO LTD

Indecision continues but no worry as banking on the cusp of a breakout: Angel Broking

Some indecision or a profit booking, still no reason to worry for: Angel Broking

March towards 12k continues, PSU stocks are on a roll: Angel Broking

Daily market commentary - 30th October 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Kharif crop shortfall despite good monsoon to push up near term food inflation

Head start for the new SAMVAT, 12000 on cards now: Angel Broking

Technical & Derivatives Report - October 29, 2019: Angel Broking

Daily market commentary - October 18, 2019 - BONANZA PORTFOLIO LTD

Markets will be closed on October 21, 2019 for Maharashtra State Assembly Elections

Daily market commentary - October 17, 2019 - BONANZA PORTFOLIO LTD

Global uncertainty easing off one after another, bodes well for the bulls: Angel Broking

Technical & Derivatives Report 17th September 2019: Angel Broking

Daily market commentary - October 16, 2019 - BONANZA PORTFOLIO LTD

Daily market commentary - 15th October 2019 - BONANZA PORTFOLIO

Daily market commentary - October 14, 2019 - BONANZA PORTFOLIO LTD

Stay light to avoid wild swings in the market, 11400 to watch out for: Angel Broking

Index defends key support, remain optimist for near term: Angel Broking

Daily market commentary - 11th October 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Daily market commentary - 10th October 2019 - Bonanza Portfolio

Near term outlook positive till Nifty holds support of 11100: Angel Broking

Index resumes positive momentum from its support: Angel Broking

Nifty up 1.7% - Mr Jaipal Shetty, Fundamental Analyst, BONANZA Portfolio Ltd

Daily Market Commentary - 07th October 2019 Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Key highlights and out take on the monetary policy: Angel Broking

Market commentary - 04th October 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Quote from Mr. Amit Gupta, Co-Founder and CEO TradingBells

Quote on RBI policy from Mr. Mustafa Nadeem, CEO, Epic Research

Views on RBI Policy - Avnish Jain Head - Fixed Income Canara Robeco Asset Management Company

RBI MPC - Karan Mehrishi, Lead Economist at Acuité Ratings and Research

Technical & Derivatives Report 4th October 2019: Angel Broking

Technical & Derivatives Report 3rd October 2019: Angel Broking

Technical & Derivatives Report 30th September 2019: Angel Broking

Rollover Report for September-October 2019: Angel Broking

Index resumes momentum after some consolidation: Angel Broking

Fiscal deficit may still be limited to 3.5-3.6% - Acuité Ratings & Research

Technical & Derivatives Report 25th September 2019: Angel Broking

Rupee breaches 72 mark amid economic slowdown: Angel Broking

Nifty rallies 1000 points in couple of sessions: Angel Broking

View on Finance Minister's announcement to keep Corporate tax rate to 22% without exemptions

The masterstroke from FM, market takes a giant leap from lows: Angel Broking

Corporate Tax Reduction - Mr. Jignesh Madhwani, Promoter & Partner, Torin Wealth Management

Corporate Tax slashed for the Companies - Ravi Saxena (MD, Wonderchef)

Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefs

Views on FM Smt. Nirmala Sitharaman Press Conference - Acuité Ratings

India cuts corporate tax, FM announces slew of measures to resurrect economy

Technical & Derivatives Report 20th September 2019: Angel Broking

Technical & Derivatives Report 19th September 2019: Angel Broking

Technical & Derivatives Report 18th September 2019: Angel Broking







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

disclaimer copyright © 2005 - 2019