NAMN FINANCIAL ADVISORY - MARKET OUTLOOK

*View on Nifty* 🔎

- On a daily scale, Nifty has negated the impact of Hanging Man candle which was formed earlier to the last session. Nifty continued to move up and traded in a narrow range of 20-30 points during the last session

- However, it has still managed to close above 9900 mark & made a life time high of 9928 which indicates bullish sentiments to remain intact in market in the near term

- Options data is clearly signaling, gradually upward shifting of support levels to 9850-9950 due to significant Put writing at these levels while highest Call writing at 10000 mark putting up a hurdle in an ongoing momentum

*View on USD/INR* 🔎

- USD/INR continue to be range bound within 64.00 - 64.70 levels in the near term

*Sectors with Positive Outlook* 🔎

- Banks & Pharma
- Metals

*Stocks with positive outlook* 🔎

- Vedanta, Hindalco
- ICICI Bank, Kotak Bank

Regards

CA PANAKJ CHHABRA
+91-9717927667
capankaj1492@gmail.com