NAMN FINANCIAL ADVISORY - MARKET OUTLOOK

NAMN FINANCIAL ADVISORY - MARKET OUTLOOK

View on Nifty 🖊🔎

- On a Technical front, Nifty has formed a bullish candle and has given breakout from the consolidating range of last 7 trading sessions & closed above 9950 mark for the first time in life.

- Nifty is just shying to touch 10000 historical mark for the first time and further, the ongoing bullish momentum, positive investor sentiments & options data suggests Nifty shall easily break this level & likely to move till 10200-10300 level within August Expiry

- On a Fundamental front, good quarterly results by Heavyweights like Reliance, HDFC Bank, expectations from RBI Credit Policy & progressing monsoon has lifted the market to the new highs

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 🖊🔎

- IT & Banks
- Auto

Stocks with positive outlook 🖊🔎

- TCS, INFY
- Yes Bank, Kotak Bank

Regards
CA PANKAJ CHHABRA