India Market Outlook for the week – 26 to 30.12.2016
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The Indian Equities are expected to trade in a thin band next week with some amount of volatility due to the expiry of the December futures and options series. The market is expected to trade in a narrow range given lack of major triggers in the near future and holiday mood across the globe. However, we believe that building up of short positions in the Nifty 50 yesterday points towards a further weakness. The market can see some more correction till the expiry of the current series. Traders are unlikely to carry their bearish bets into the New Year and will likely take a fresh view of the market in the January series. The markets are likely to support on Monday from the Goods and Services Tax Council approving the primary draft of the Central and State GST legislations. However, gains are likely to be limited as investors will wait to see if the bill gets implemented as per schedule. Focus will be on global markets for direction due to the absence of triggers in the local market. The resolution to the tussle between Deutsche Bank AG and the US State and the Italian government's plan to fund domestic banks are likely to lift stocks. Investors should take this opportunity to aggressively accumulate quality stocks for long term as valuations have turned attractive.
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India Market Outlook for the week – 26 to 30.12.2016
The Indian Equities are expected to trade in a thin band next week with some amount of volatility due to the expiry of the December futures and options series. The market is expected to trade in a narrow range given lack of major triggers in the near future and holiday mood across the globe. However, we believe that building up of short positions in the Nifty 50 yesterday points towards a further weakness. The market can see some more correction till the expiry of the current series. Traders are unlikely to carry their bearish bets into the New Year and will likely take a fresh view of the market in the January series. The markets are likely to support on Monday from the Goods and Services Tax Council approving the primary draft of the Central and State GST legislations. However, gains are likely to be limited as investors will wait to see if the bill gets implemented as per schedule. Focus will be on global markets for direction due to the absence of triggers in the local market. The resolution to the tussle between Deutsche Bank AG and the US State and the Italian government's plan to fund domestic banks are likely to lift stocks. Investors should take this opportunity to aggressively accumulate quality stocks for long term as valuations have turned attractive.
