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Weekly Market Forecast: 13th August to 19th August 2018 The Indians market scaled to a new all-time high again in the week but closed subdued on Friday. The NIFTY closed at 11429.5 (11360.80 last week) up in green by another 0.63% for the week. The BANK NIFTY also reached a new high and closed 28124.25 (27695.50 last week), strengthened by 1.55%. Both BSE Midcap and Smallcap closed restrained after clocking gains for last two weeks. Midcap Index closed at 16210.78 (16206.89 last week) with a very small gain of 0.02%, on the other hand BSE Smallcap index had a reversal in its green movement, closing at 16784.2 (16833.52 last week), a loss of 0.3%.

The bullish trend continues of the broader market as viewed on a monthly basis. A watch on Indian macro data and global events is also crucial.

Read more: P3 Financial Bulletin Weekly Market Forecast: 13th – 19th August 2018

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Weekly Market Forecast: 30th July – 5th August 2018 The Indians market scaled to a new all-time high in the week. The NIFTY closed at 11278.35 (11020.20 last week) up in green by a strong 2.44%. The BANK NIFTY, also closed at life-time high of 27634.40 (26873.20 last week) and strengthened by 2.83%. Both BSE Midcap and Smallcap made sharp gains too. Midcap Index closed at 15912.62 (15170.14 last week) with a gain of 4.9%. BSE Smallcap index closed at 16450.20 (15683.40 last week) with a gain of 4.9%.

The bullish trend continues of the broader market on a monthly basis. The market direction will continue to be driven by the first quarter results, as many companies will report their numbers. A caution is advised as the performance of manufacturing sector is expected to be weak. A watch on Indian macro data and global events is also crucial.

Read more: P3 Financial Bulletin Weekly Market Forecast: 30th July – 5th August 2018

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Weekly Market Forecast: 6th August to 12th August 2018 The Indians market scaled to a new all-time high, again in the week. The NIFTY closed at 11360.80 (11278.35 last week) up in green by another 0.73%. The bank NIFTY, also reached a new high and closed 27695.50 (27634.40 last week) and strengthened by 0.22%. Both BSE Midcap and Smallcap made gains for the second consecutive week. Midcap Index closed at 16206.89 (15912.62 last week), a gain of 1.85% and BSE Smallcap index closed at 16833.52 (16450.20 last week), a gain of 2.33%.

The bullish trend continues of the broader market on a monthly basis. The market direction will continue to be driven by the first quarter results, as more companies will report their numbers. A caution is advised as the market may react to the increase in interest rate announced by RBI last week in its MPC meet. A watch on Indian macro data and global events is also crucial.

Read more: P3 Financial Bulletin Weekly Market Forecast: 6th – 12th August 2018

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Weekly Market Forecast: 23d July – 29th July 2018 The Indians market was volatile for the week and closed flat after a strong positive move last week. The NIFTY closed at 11020.20 (11018.9 last week). The BANK NIFTY, however, closed weaker at 26873.20 (26935.95 last week) and lost 0.23%. Both BSE Midcap and Smallcap also closed in red. Midcap Index closed at 15170.14 (15431.47 last week) and BSE Smallcap index closed at 15683.40 (16196.33 last week).

The bullish trend continues of the broader market on a monthly basis. The market direction will continue to be driven by the first quarter results of Indian companies as the performance manufacturing sector is expected to be weak. A watch on Indian data and global events is also crucial. On the technical chart, NIFTY’s flat closing is pointing towards a change in direction.

Read more: P3 Financial Bulletin Weekly Market Forecast: 23rd – 29th July 2018