Saturday, January 2, 2021

NIFTY PREDICTION FOR 4 JAN 2021

 

Markets are relentlessly scaling new highs with Nifty-50 breaching the 14,000 level and Sensex close to the 48000 mark. Global cues have remained positive for most Asian markets with MSCI Emerging Markets reporting 2.9% gains this week. Expect the Nifty-50 to go somewhere midway of the 14,000 to 15,000 range in January. Markets are currently riding on the back of optimism over economic recovery, liquidity and stimulus support, and vaccine developments.

"We advise investors to remain long but at the same time cautious as chances of technical correction cannot be ruled out.
Considering the sharp runup, we expect that the markets would consolidate in the near term. We suggest continuing with the overall uptrend and using dips to add quality counters."
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Friday, January 1, 2021

NIFTY ENDED IN GREEN ON 1ST DAY OF "NEW YEAR"


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With a hope that 2021 will be a year of economic recovery,today market crossed all-time highs 14k. Today sensex was up 117.65 points at 47868 and the nifty was up 36 points at 14018.   Technology and pharma topped the gainers' list, rising 55 % & 60 % respectively. On first day of year  banking sector was the worst hit, down nearly 3 % banknifty fell 30% & private bank declined 3 %. Stocks across sectors cheered with mid & small caps at the forefront  rose with 0.9 to 1.2 %. Among midcaps, adani green energy, adani enterprises, l&t infotech, info edge (india) and tata consumer products were the biggest gainers, while bank of india, rbl bank, canara bank, union bank of india and future retail were the top losers. Tcs led the rally with the auto numbers providing the momentum as a number of companies announced  price hikes today.the combined effect of foreign inflows and real earnings growth can keep the market rallying going forward.
TOP GAINERS-ADANI PORTS, ITC, TCS, M&M AND SBIN
TOP LOSERS- ICICI BANK, HINDALCO, HDFC BANK & TITAN COMPANY