Indian stock market trend analysis | Nifty and Bank Nifty for next week

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Indian stock market touched new high on Thursday morning but could not retain its early gain. Negative global cues and profit booking at higher levels are the reason for the fall in yesterday’s trading session. The Sensex and Nifty were down almost 0.30 percent and closed at 39140.28 and 11752.80 points respectively. Bank Nifty slips almost 1 percent and closed at 30223.40 points at the close. All points are on spot level basis.

On a weekly basis Sensex, Nifty and Bank Nifty all gained almost 0.95 percent. Whereas Nifty Midcap 100 and Nifty Smallcap 100 could not retain its gain both were down at 0.50 percent and 0.90 percent during the week. Indian Currency also lost 0.18 points against USD during the week.

Also, read Start Investing in Stock Market like an Expert: A beginner’s guide

On Sectoral front, PSU banks, metal, engineering, real estate, telecom were the major losers during the week. On the stock front, Reliance and Jet Airways were in news in this week. Reliance retail in talks to buy Hamleys a 295-year-old toymaker company. Hamleys which reported losses in 2017, has struggled to generate profits recently.

The aviation company Jet Airways had suspended operations on 17th April, as banks refused to give interim funding to make it operational. The Jet Airways share price plunged 32 percent on yesterday’s trading session after the announcement.

Nifty 50 stocks: Top Gainers and Losers of the Week

Top 5 Nifty 50 Stocks Gainers of the Week

Company NameLTP  (Rs )Prev Close (Rs )Change (Rs )Change (%) 52 week H/L( Rs)
Tata Motors236.25 215.95 20.30 9.40 351.65-129.00
TCS2150.05 2014.50 135.55 6.73 2,275.95-1,572.93
Coal India251.45 240.80 10.65 4.42 303.45-211.40
JSW Steel299.15 286.85 12.30 4.29 427.55-256.60
Hero Motocorp2741.55 2639.90 101.65 3.85 3,825.00-2,515.00

Top 5 Nifty 50 Stocks Losers of the Week

Company NameLTP  (Rs )Prev Close (Rs )Change (Rs )Change (%) 52 week H/L( Rs)
Yes Bank255.80 267.90 -12.10 -4.52 404.00-146.75
Infosys717.05 747.75 -30.70 -4.11 773.00-556.93
Zee Entertainmen402.30 418.15 -15.85 -3.79 609.75-288.30
Indiabulls Hous.800.55 830.10 -29.55 -3.56 1,397.00-575.35
Vedanta178.60 183.90 -5.30 -2.88 313.50-145.80

Q4 Result Corner:

Reliance has announced its Q4 result on last Thursday after market hours. Its profit raises 10 percent to Rs 10,362 Crores. The result is above the line of expectations of market experts. The market will definitely take the result positively on Monday. Other Nifty 50 companies that are going to announce Q4 result in next week are

Q4 Result for Next Week

ACC23rd April
INFRATEL24th April
AXIS BANK25th April
MARUTI25th April
TATA STEEL25th April
YES BANK26th April

Nifty and Bank Nifty Future trend analysis for the next week

Nifty Weekly Outlook – OHLC-(11689.95/11859.00/11682.70/11771.10)

Primary Trend Nifty Future:Volatile (Bias Sideways)  – Expected Volatility of 10.0545% (Range of 165 Points)Range Bound Nifty Future Trend:

All Up moves initiate Profit Booking (Sale) @ 11825 whereas all Down moves initiate Short Covering (Buy) @ 11712

If Nifty moves above 11787 then you should Buy with 1st Target of 11855 during the day or any point during the week by Trailing the Stop Loss  from 11710- 11750- 11775- 11815- 11860- 11885 FOR the Target of 11890- 11922- 11960

If Nifty moves below 11745 then you should Sell with 1st Target of  11675 during the day or any point during the week by Trailing the Stop Loss from 11825- 11780- 11755- 11715- 11675- 11650 FOR the Target of 11644- 11610- 11570
Bank Nifty Weekly Outlook – OHLC-(30098.10/30722.25/30043.10/30266.35)

Primary Trend Bank Nifty Future:Volatile (Bias Sideways)  – Expected Volatility of 14.8789% (Range of 625 Points)Range Bound Trend Bank Nifty Future:

All Up moves initiate Profit Booking (Sale) @ 30440, whereas All Down moves initiate Short Covering (Buy) @ 30025

If Bank Nifty moves above 30315 then you should Buy with 1st Target of 30565 during the day or any point during the week by Trailing the Stop Loss  from 30000- 30175- 30275- 30430- 30600- 30700 FOR the Target of 30700- 30830- 30990

If Bank Nifty moves below 30145 then you should Sell with 1st Target of  29890 during the day or any point during the week by Trailing the Stop Loss from 30450- 30285- 30185- 30025- 29865- 29765 FOR the Target of 29760- 29630- 29470

Conclusion: We have done a trend analysis of Nifty and Bank Nifty, it would remain volatile until the election. After the election result, the Indian stock market would get direction. On Monday the Indian stock market will open as per global cues and may see some up moves in RIL. Traders and short term investors should remain cautious and keep track of rising crude oil price and rupee movement. A further rise in crude price can depreciate rupee against the dollar, which is negative for the market.

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