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Weekly Market Outlook


Weekly Market Outlook

Exepected Market Bull Trend Continue Nifty Next Target 8700

NIFTY (8514) :- For next week nifty has strong support around 8460 level, break with volume will take it to 8410---8350 level. On the upper side it has strong hurdle at 8565 level,cross over with volume will take it to 8650---8710 levels.

Sensex (28067):-For Next Week Sensex Has Strong Support Around 28300 Level,Break With Volume Will Take It To 28250---8500 level. On The Upper Side It Has Strong Hurdle At 28600 level,cross over with Volume Will Take It To 28600 To 29000
 
Dalal Street witnesses jubilation on rate cut hopes; Sensex regains 28,000 mark
Boisterous benchmarks showcased an enthusiastic performance, by rallying around two percentage points and breaking lots of psychological levels in their northward journey on Friday after Wholesale Price Index (WPI) inflation fell for July, raising hopes of a rate cut by the Reserve Bank of India (RBI). Sentiments remained up-beat since start as key bourses made gap up opening and there appeared not even an iota of profit booking in the session as the benchmarks managed to fervently gain from strength to strength, as investors continued their hunt for fundamentally strong stocks. Frontline indices not only extended their rally for second straight session but also regained their crucial 8,500 (Nifty) and 28,000 (Sensex) bastions as investors took to hefty across the board buying. Sentiments got bolstered after China’s central bank today raised the value of yuan against the US dollar by 0.05%, putting a stop to the 3-day fall in the currencY

Automobile manufacturers report healthy July sales
A decline in interest rates, fuel costs, low base and pick-up in consumer sentiment helped the Indian automobile manufacturers report healthy sales figures for the last month on Saturday.

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