Market Outlook- Weekly

2

Top Gainers:

Realty

Media

Private Banks

3

Top Losers:

Nifty Psu Banks

Nifty Energy

Nifty Auto

4

How was the market?

• Nifty continues to consolidate as it forms back to back Doji on weekly scale .

• Week gone by saw heightened volatility in market mainly due to April F&O expiry.

• Nifty gyrated in range of 7800 to 8000.

5

What to expect for the coming week

• Nifty continues to consolidate as it forms back to back Doji on weekly scale.

• Momentum indicator too have cooled off .

• A sustained breach above 8000 could reinstate momentum & push it towards 8300.

• Only a breach below ‘Run Away Gap’ would stall the ongoing bullish trend.

• Short term traders could continue their longs with stop placed at 7740.

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