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Weekly Market Forecast: 1st October to 7th October 2018 The Indians market were in red again for the fourth consecutive week and also for the month of September. Panic was seen in again in certain stocks as they nosedived in the week. The NIFTY, closed in red at 11143.10 (11515.20 last week) down by 1.91% for the week and 6.4% for the month. The BANK NIFTY, also dived down further and closed at 25596.90 (27163.85 last week), weaker by 1.86% for the week and 10.5% for the month. Both BSE Midcap and BSE Smallcap followed the leading indices. Midcap Index closed at 14763.20 (15595.63 last week) with a loss of 5.34%. BSE Smallcap index closed at 14430.68 (15763.10 last week) weaker by 8.45%.

The market direction has turned negative and you need to trade with caution. A watch on interest rate decision, exchange rate and crude prices is advised. Global events will also be crucial.

Read more: P3 Financial Bulletin Weekly Market Forecast: 1st – 7th October 2018

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Weekly Market Forecast: 17th September to 23rd September 2018 The Indians market were in red for the second week, though strong bounce back was seen in last two trading days of the shortened week due to Ganesh festivals. The NIFTY, closed in red at 11515.20 (11589.10 last week) down by 0.64%. The BANK NIFTY, also corrected and closed at 27163.85 (27481.75 last week), weaker than NIFTY and down by 1.16%. Both BSE Midcap and BSE Smallcap also corrected in line with the market index. Midcap Index closed at 16349.97 (16504.86 last week) with a loss of 0.94%. BSE Smallcap index closed at 16670.93 (16896.95 last week) weaker by 1.34%.

The bullish trend continues for the broader market on a monthly basis. A watch on Indian macro data with some positive numbers last week and movement of Indian rupee and crude prices are to be watched. Global events will also be crucial.

Read more: P3 Financial Bulletin Weekly Market Forecast: 17th – 23rd September 2018

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Weekly Market Forecast: 24th September to 30th September 2018 The Indians market were in red for the third week in a row. Panic was seen in the second half of Friday as news of debt market defaults by IL&FS prevailed. The NIFTY, closed in red at 11143.10 (11515.20 last week) down by a huge 3.23%. The BANK NIFTY, also dived down and closed at 25596.90 (27163.85 last week), weaker by 5.77%. Both BSE Midcap and BSE Smallcap also ended deep in red. Midcap Index closed at 15595.63 (16349.97 last week) with a loss of 4.64%. BSE Smallcap index closed at 15763.10 (16670.93 last week) weaker by 5.45%.

The market direction has turned negative and you need to trade with caution. Its better stay away from trading the indices. A watch on Indian macro data, exchange rate and crude prices are to be watched. Global events will also be crucial. Any negative will trigger more panic.

Read more: P3 Financial Bulletin Weekly Market Forecast: 24th – 30th September 2018

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Weekly Market Forecast: 3rd September to 9th September 2018 The Indians market scaled to a new all-time high yet again in this week. It was sixth week of bullish move. The NIFTY, closed positive for the week at 11680.50 (11557.1 last week) up by 1.07%. The BANK NIFTY, also reached a new high and closed at 28061.75 (27834.7 last week), up by 0.82%. Both BSE Midcap and BSE Smallcap went up and outperformed the market index. Midcap Index closed at 16881.34 (16552.74 last week) up by a whopping 1.99%. BSE Smallcap index closed at 17193.20 (16864.43 last week) up by a strong 1.95%.

The bullish trend continues for the broader market on a monthly basis. A watch on Indian macro data, especially movement of Indian rupee and crude prices; and global events is also crucial. A positive GDP data will support the market.

Read more: P3 Financial Bulletin Weekly Market Forecast: 3rd – 9th September 2018