NAMN FINANCIAL ADVISORY - MARKET OUTLOOK
*View on Nifty* 🖊🔎
- On a Technical front, Nifty has recovered marginally well from its lower levels post correction of 100-120 points from life time high of 9928.- On a daily scale, it has formed a green candle with long lower shadow, which indicates bullishness in the near term would be headed towards 9950-10000 levels
- On a Weekly scale, it has formed a Dragon Fly candle which further suggests that overall market is in control of Bulls and likely to remain in an uptrend for near term future
- However, some sector & stock specific action shall be witnessed majorly in Banks, NBFCs & Auto stocks particularly in Axis Bank, Tata Motors, Maruti, Kotak Bank, Bajaj Finance etc.
*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- Auto
*Stocks with positive outlook* 🖊🔎
- Tata Motors, Maruti- Axis Bank, Federal Bank
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