Dalal Street Week Ahead NiftyFuture Trend Decider

NiftyFuture last close: 14370.90 (+1.3%)

What a fantastic week for Indian markets where NiftyFuture was opened at 14000 on week started Monday and Nifty50 hit a fresh record high around 14350 for the first time on week ended

Sensex was rallied 1.9% closer towards 49000 while Nifty gains of 2.2%, Midcap index 5.4%, Large-cap index rose 2.6% , Nifty IT index rallied 7%, Nifty media added 5.6% and Small-cap index rocked 3.5% in the week ended

Not even Indian market big action was seen in the broader market which hit a fresh record highs

FIIs was seen little bit tired on middle week but on Friday they pumped more than 6000 crore in cash segment. They net bought more than 9250 crore in Jan so far

As usual DIIs net sold 4878 crore value of stocks in cash segment in Jan so far

Big action was seen IT, Metals and Media stocks

As usual Reliance underperform and selling pressure visible in FMCG stocks

Post market hours TCS declared earning report on Jan 8 in which company it beat market estimates for the net profit and revenue. Company net profit came at Rs 8701 crore and climbed 7.2% YoY and revenue grew by 5.1% compared to the previous qtr.

Stock has already climbed 9% on last week and closed at 3120.90

As per market capitalization Reliance sustained at first place with value of Rs 12.45 lakh crore and followed by TCS 11.70 lakh crore………. Is TCS will it break Reliance market cap ??

On coming week, Investors would watch out for IIP data on 12th Jan, WPI for Dec month on 14th Jan.

On the earnings front, Infosys and Wipro will declaring earning report on 13 Jan, Hcltch on 15 Jan and Hdfcbank on 16 Jan

NiftyFuture closed the week with a strong bullish candle for the seventh consecutive week in a row

Bulls took control on everyday and especially in past 13 days NF climbed more than 1100 points from 13230 to 14350. SGXNifty has closed nearly 14500 on Friday.

NF made the higher top and higher bottoms on the weekly chart which indicating bulls domination will be continued

NF is facing a weekly strong resistance around 14550-14600. If stays above the level

Rally will be continued up to 14775 and 14850

Technically, NF can be considered as weekly support 14250, 14070 and 13970

Suppose if there is any declines can buy with a stop of 14070

Bulls keep a stop of 14070 closing basis for your all longs!!

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