Nifty and Sensex Outlook for the Coming Days
If we consider 2010, Sensex is only 3652.47 points away from its life time high and if companies over the world markets keep posting good results and keep forecasting good fundamental growth, a new high this year will be very much possible and achievable. As comparison with the life time high 21206.77 of Sensex in January 2008 with current levels of 17554.30, Sensex is only nearly 17% away from the life time high.
Another major thing which is always seen in the mid of the Bull market is the rally of midcap stocks. Currently midcap stocks are showing good gains with most of the Stocks near to its 52 week high. This signifies that major part of the rally still may be impending and still market sentiments are not completely Bullish and investors sentiments are still not so positive which can actually be a positive sign for the market in the long run. Because a wise investor is fearful when whole world is greedy and he is greedy when whole world is fearful. When a Bull market is about to come to an end, market is full of positive news with every small stocks rising and market sees a entry of lot of new greedy investors.
As we all knows that market in consolidation phrase and nifty having thin range of 5150-5300. If we see technically nifty retraced more than 61.8% from its all time low and these days nifty trying to maintain its higher levels, there are a lot of numbers being thrown at the market at this point. There is the monetary policy in the next couple of weeks. Also, flows from FII have turned a bit unenthusiastic. To generate some momentum from these levels, WE need the support of dollars and that has not been there in the market for the last couple of days. Now a day’s market does not reacting on macro economics situation such as INFLATION and IIP nos. We think it’s focused on the micro and wants to see what the numbers are like in the current season. Yes, it will be focused on the earnings. Around that there will be marginal things like oil and maybe some disinvestment news which the market might will be focused on.
Nifty having major Resistance @ 5315 level and if it maintains this than only it can move towards 5380-5500 soon.
For More Stock Market Tips and Commodity Tips Visit
Another major thing which is always seen in the mid of the Bull market is the rally of midcap stocks. Currently midcap stocks are showing good gains with most of the Stocks near to its 52 week high. This signifies that major part of the rally still may be impending and still market sentiments are not completely Bullish and investors sentiments are still not so positive which can actually be a positive sign for the market in the long run. Because a wise investor is fearful when whole world is greedy and he is greedy when whole world is fearful. When a Bull market is about to come to an end, market is full of positive news with every small stocks rising and market sees a entry of lot of new greedy investors.
As we all knows that market in consolidation phrase and nifty having thin range of 5150-5300. If we see technically nifty retraced more than 61.8% from its all time low and these days nifty trying to maintain its higher levels, there are a lot of numbers being thrown at the market at this point. There is the monetary policy in the next couple of weeks. Also, flows from FII have turned a bit unenthusiastic. To generate some momentum from these levels, WE need the support of dollars and that has not been there in the market for the last couple of days. Now a day’s market does not reacting on macro economics situation such as INFLATION and IIP nos. We think it’s focused on the micro and wants to see what the numbers are like in the current season. Yes, it will be focused on the earnings. Around that there will be marginal things like oil and maybe some disinvestment news which the market might will be focused on.
Nifty having major Resistance @ 5315 level and if it maintains this than only it can move towards 5380-5500 soon.
For More Stock Market Tips and Commodity Tips Visit
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