Nifty Outlook for this week.

O

OneBull

Guest
#1
With anticipation that US will have better GDP growth rate, Nifty ended unexpectedly up on Friday. Dow is now on 8000 a critical level from where a breakout can bring levels below 7660-7525-7410-7200. Since Dow ended very week today, a gap down is expected on Monday for Nifty. With very bad GDP reading of US having ripple effects on Our Economy also, the next few weeks will show Bearishness. Nifty Support levels for next week are

2790-2710-2645-2580
 

bandlab2

Well-Known Member
#2
Re: Nifty Outlook for week 2-6 Feb

US GDP at 3.8 against expecte 5.4

nifty may kiss 2922 before going down to 2626
 

praveen taneja

Well-Known Member
#3
Re: Nifty Outlook for week 2-6 Feb

With anticipation that US will have better GDP growth rate, Nifty ended unexpectedly up on Friday. Dow is now on 8000 a critical level from where a breakout can bring levels below 7660-7525-7410-7200. Since Dow ended very week today, a gap down is expected on Monday for Nifty. With very bad GDP reading of US having ripple effects on Our Economy also, the next few weeks will show Bearishness. Nifty Support levels for next week are

2790-2710-2645-2580
Hahahaha bro pls dont mind want to know one thing why ur reputation is -39:eek::eek:
Good anticipation
 
#8
Re: Nifty Outlook for week 2-6 Feb

1-On Friday markets saw good comeback after gap-down opening. Overall market cap is increased by 1.72% , Trades increased by 1.24% with respect to its previous day.
But the respective turnover and volumes were very weak.
2-Q4 GDP numbers in the US is 3.8 which is not great as the expectation was 5% plus.
This indicates that the first quarter will be similarly bad.
On coming Monday Nifty will show some upside movement in early morning which is upto 2910.After that amid volatility will be seen but the overall trend will be bearish.So before the bearish trend we will see a short term rally.I will suggest to sell the stocks on rally.
For the coming weak it will be very hard to predict the market but I think that the bearish support is 2500.Remain very Cautious.
 
O

OneBull

Guest
#10
Re: Nifty Outlook for week 2-6 Feb

1-On Friday markets saw good comeback after gap-down opening. Overall market cap is increased by 1.72% , Trades increased by 1.24% with respect to its previous day.
But the respective turnover and volumes were very weak.
2-Q4 GDP numbers in the US is 3.8 which is not great as the expectation was 5% plus.
This indicates that the first quarter will be similarly bad.
On coming Monday Nifty will show some upside movement in early morning which is upto 2910.After that amid volatility will be seen but the overall trend will be bearish.So before the bearish trend we will see a short term rally.I will suggest to sell the stocks on rally.
For the coming weak it will be very hard to predict the market but I think that the bearish support is 2500.Remain very Cautious.


Forget 2910 or even 2925, Monday will be a super tanker, with Nifty Gap down of 40-50 points. Dow is @ 8000, its on border line, and Meryl Lynch has forcasted Dow to reach 7100-7300 by End of Feb.
 

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