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

| More

Q1 result will drive the market in coming week : CapitalAim

Posted On: 2019-07-13 09:20:27


Mr. Romesh Tiwari, Head of Research, CapitalAim.

A negative trend for the Nifty continued from last Friday and Nifty slides to make a low of 11,461 on Tuesday and still trading not faraway from it. A feeble attempt to cross 11,600 saw supply coming in.

For next week Markets are likely to trade negatively given the concerns arising of budget declarations about raising of public holdings and tax surcharges. Technically, Now, the Benchmark Nifty50 is forming a bearish flag pattern on daily chart and the index is still sustaining below the 20 & 50-day moving average on daily chart. These moving averages are heading to converge downward on the same chart and RSI looking weak, which is now placed at 41.07 levels. On the breakout of this pattern, a downward movement could be witnessed in the index.

On sectoral front, results from finance and banking sector, like SBI, Axis Bank, LIC housing finance, Kotak Mahindra Bank, will be declared and hopefully bring some clarity about the prospects of next quarters. Falling bond yields will result in treasury gains for banks and also improving asset quality will help the fundamentals for next quarter. We are positive on SBI, PNB, HDFC Bank, Yes Bank in near to medium term.

The stocks of steel and FMCG sector could show a bearish movement, whereas; the stock of pharma and cement sectors could show an uptrend.

Coming week, in India there would be a data of WPI Inflation (YoY) (Jun) on Monday. On the international front, there would be data on Core Retail Sales, Retail Sales and Fed Chair Powell Speaks on Tuesday, FOMC Member Evans Speaks on Wednesday, Philly Fed Manufacturing Index and Unemployment Claims on Thursday.


Source: Equity Bulls

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





Other Headlines:

Weekly View for Markets - Vinod Nair - Geojit

View on GDP numbers for Q4FY20 - Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank

Technical Observation - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - May 29, 2020 - Bonanza Portfolio

Technical View - May 28, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - May 28, 2020 - Bonanza Portfolio

Market Daily - May 28, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Market View - May 28, 2020 - Vinod Nair, Head of Research at Geojit Financial Services

Technical Observation - May 27, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Nifty climbs 3% with participation from broader markets: Angel Broking

Daily Market Commentary - May 27, 2020 - Bonanza Portfolio

Daily Markets Quote - May 27, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Derivative Insights - May 27, 2020 - Geojit

FX Monitor - May 27, 2020 - Geojit

Daily Markets Quote - May 26, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - May 26, 2020 - Bonanza Portfolio

Technical Observation - May 26, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Index consolidates while broader markets outperform: Angel Broking

Market View - May 26, 2020 - Vinod Nair, Head of Research at Geojit Financial Services

Daily Market Commentary - May 22, 2020 - Bonanza Portfolio

Technical Observation - May 22, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Nifty holds 9000 despite some hiccups: Angel Broking

Nifty reclaims 9100 amid consolidation: Angel Broking

Technical Observation - May 21, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - May 21, 2020 - Bonanza Portfolio

Daily Markets - May 21, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

9000 reclaimed, expect further recovery: Angel Broking

Technical Observation - May 20, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - May 20, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - May 20, 2020 - Bonanza Portfolio

Derivative Insights - May 20, 2020 - Geojit

FX Monitor - May 20, 2020 - Geojit

Technical Observation - May 19, 2020 - HDFC Securities

Daily Market Wrap Up - May 19, 2020 - Mr. Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking)

Markets Daily - May 19, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - May 19, 2020 - Bonanza Portfolio

Derivative Insights - May 19, 2020 - Geojit

FX Monitor - May 19, 2020 - Geojit

Daily Market Wrap Up - Mr. Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking)

Technical Observation - May 18, 2020 - HDFC Securities

Daily Market Commentary - May 18, 2020 - Bonanza Portfolio

Daily Market Update - May 18, 2020 - HDFC Securities

FX Monitor - May 18, 2020 - Geojit

Derivative Insights - May 18, 2020 - Geojit

Stimulus fails to excite, 9000 a key support to watch: Angel Broking

Weekly Market View - May 15, 2020 - Vinod Nair, Head of Research at Geojit Financial Services

Technical Observation - May 15, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - May 15, 2020 - Bonanza Portfolio

Derivative Insights - May 15, 2020 - Geojit

FX Monitor - May 15, 2020 - Geojit







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

disclaimer copyright © 2005 - 2019