Nifty Is Breaks 12 k Levels And Doesn’t Look Like It’s Stopping Its Rally Any Time Soon.
Nifty 50 and BSE Sensex have been rallying for the last 1 week since the US 2020 elections have been swinging towards Biden while there seems to be great optimism in market regarding a possible end to U.S China trade war along with the positive news of immigration of Indian expats from U.S it looks like markets will stay bullish tomorrow.
Nifty opened at 11,614 on Monday climbed to a week high of 12,280 on Friday week low was at 11,569 on monday and as the market stayed bullish through the week it is expected that markets will do well on monday as well.
While Sensex opened at 39,380 low and also at 39,380 as market just moved upwards from open price while week high at 41,893 while closing at 41893.
Stocks Recommendations are as follows:-
RSI of Nifty through the week
RSI of Nifty is slowly inching towards the overbought range.Short term picks as we mentioned above can be held for a week.
Sector Move For The Week
Top mover of the week was by BANK NIFTY moved by 9.77% & NIFTY PVT BANKS 9.61%.
Key Levels For The Upcoming Week
Minor Resistance and the support is expected to be at the 12,310 and 11,757 levels while Major support for Nifty for the Week is Expected to be at 11,587.
FII DII Data For The Week
F.I.Is have been bullish through the week while the D.I.Is were bearish .
Bulk Deals On Friday
Some of the bulk deals on friday were in Uravi,SITI Net and Sanco to visit Bulk Deals.
Some of the upcoming results are in Powergrid,ONGC and Shree Cement.