Market View: 16-20 APR 2018

Filed in Market Update by on April 16, 2018

 

Week Market View: 16-20 APR 2018
View Last week the NIFTY closed at 10480.60 registering a gain of 1.44% compared to previous week. This was as predicted in the last market view. This week would keep us busy on two fronts i.e. the earnings season and the political tensions in Syria. The earnings season has kicked off with Infosys already announcing its results. Around 30 companies are likely to announce their results this week. All this action will be closely watched. Though a war-like situation is never a positive news for the market, we do not expect the markets to react sharply to the Syrian crisis. The markets for now are more worried about earnings and cash flow. Apart from these worries, the markets will start watching the Karnataka elections closely. The developments will start affecting the markets. On a technical front the NIFTY has shown a bullish candle on the weekly chart. This indicates that further upside is expected this week as well. 10600 could probably be the next NIFTY target. Nothing really to worry. We should stay invested in the markets. All the best!

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