Indian Market Outlook For The Week - 23 to 27.10.2017
Indian Market Outlook For The Week - 23 to 27.10.2017
( www.rupeedesk.in )
The Domestic share indices are likely to track global cues and Jul- Sep corporate earnings will set the
trend next week. For next week, the 50-stock index is likely to move in a range of 10035-10350 points on technically. Action will remain stock-specific as investors react to Jul-Sep earnings of companies. Asian Paints, HDFC Bank, Hindustan Unilever, ICICI Bank, Infosys, ITC, Kotak Mahindra Bank, Maruti Suzuki India, Ambuja Cements, HCL Technologies, Indiabulls Housing Finance, Indian Oil Corp, YES Bank, and Zee Entertainment Enterprises are the Nifty 50 constituents which will detail their September quarter results next week.
Nifty has strong significant Resistance levels @ 10280. Techinically " Double Bottom formation can give extra faith. if it breaks upper side 10300 Nifty can surge to 10700-10800 levels in coming days. And Down side Nifty has strong significant support levels @ 10130/9980 and if it breaks below could test 9700/9400 too.
Source : Cogencis Information Services Ltd.
Click Below Link
( www.rupeedesk.in )
The Domestic share indices are likely to track global cues and Jul- Sep corporate earnings will set the
trend next week. For next week, the 50-stock index is likely to move in a range of 10035-10350 points on technically. Action will remain stock-specific as investors react to Jul-Sep earnings of companies. Asian Paints, HDFC Bank, Hindustan Unilever, ICICI Bank, Infosys, ITC, Kotak Mahindra Bank, Maruti Suzuki India, Ambuja Cements, HCL Technologies, Indiabulls Housing Finance, Indian Oil Corp, YES Bank, and Zee Entertainment Enterprises are the Nifty 50 constituents which will detail their September quarter results next week.
Nifty has strong significant Resistance levels @ 10280. Techinically " Double Bottom formation can give extra faith. if it breaks upper side 10300 Nifty can surge to 10700-10800 levels in coming days. And Down side Nifty has strong significant support levels @ 10130/9980 and if it breaks below could test 9700/9400 too.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Source : Cogencis Information Services Ltd.
