iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Market forecast - What to expect this week?

21 Nov 2022 , 11:25 AM

No clear trend seems to be visible for this week, in the Indian equity markets. There is some  probability that markets may pare some of the gains of the past few days. This may happen because of foreign investors selling some of their investments that they made in the past few days. RBI Governor Shakti Kanta Das has said that the probability of India entering a recession is low. But this statement also implies that there is a probability of the country going into recession, even if it is low. 

Britain's inflation rate in November has touched a 41 year high of 11.1%. Food prices in the country are up by 16%. This is the highest level of food price inflation in the country in more than 4 decades. UK's Finance Minister also said that the country has entered into a recession. In September quarter, the economy contracted quarter-on-quarter by 0.2%. Japan's economy has also contracted by 0.3% in the third quarter. American retailer Walmart has said that lower income customers are now dipping into their savings for buying consumer goods. Another retailer Target has said that customers are stressed. They are cutting down on consumption of everything. It expects weak Christmas season sale. Weakening of consumption in America will have an adverse impact on the global economy. 

On the technical front, short term support for Nifty 50 is seen at 17970. Resistance is seen at 18600. IT stocks are likely to gain this week. Auto stocks may lose. 

A Buy call is being given for this week on the stock of L&T Technology Services. Target price is Rs 3970. Stop Loss is Rs 3700.

A Sell call is being given for this week on the stock of Eicher Motors. Target price is Rs 3250. Stop Loss is Rs 3470. 

Related Tags

  • BSE
  • nifty
  • NSE
  • sensex
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

closeIcon

Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp