| by Admin

Market Predictions For Next Week By IFM Trading Academy, Sec 17, CHD. | IFM Trading Academy | LIVE STOCK TRADING CLASSES IN CHANDIGARH, SHARE MARKET COACHING IN CHANDIGARH, OPTION LEARNING IN CHANDIGARH, LEARN STOCK TRADING IN CHANDIGARH, NIFTY TRADING IN CHANDIGARH - GL83674

What traders should expect for the coming week ahead.
7th Dec to 12th Dec 2020.

As we all witnessed an excess amount of new longs building up in stocks and indices this past week, our benchmark indices like Nifty and Nifty Bank 2.8% and 1.7% from their week's low respectively. Though they did manage to manage to break their previous known resistances by the week's closing.

another day another highs made by our benchmark indices, so what should you being a trader should have in the mind and expect for the week ahead? First things first is that it is clear by now that our Indian markets are way bullish than it was being presumed in the past six months. Now what most of the people are facing is a dilemma that whether to invest in the market any more or not, that when it will be that the bulls get tired from this long overhauled run.

We here at IFM Trading Academy believe that you will find the answer of this questions in the thing that majority of the trading community chooses to overlook is studying technical charts.

so taking the cues from the charts our Indian bull has once again gotten its spirits up and is ready for the next run of his. as the week passed before this week, stocks in nifty and bank nifty consolidated the whole week close to their resistances indicating them to be range bound. but what was really happening was that the market was testing the patience speculators as alot of the very large number of longs unwinding in the week prior, and as on Thursday bulls again took the charge and started building their momentum. so to conclude our view for the week ahead is that we will be crossing the 13500 mark by upcoming Friday in nifty. As in majority of blue chip shares we saw a surge of buying by this weeks end.

Rajatdeep Singh

Head Trading analyst,

IFM Trading Academy.

Share this page