Silver Jubilee Special Edition – IFMC Institute thanks every subscriber for a great contribution, time, and effort to be part of our family. In the post, we will continue our weekly stock market series to predict stock market movement for upcoming week.
IFMC team is genuinely thankful for every viewer to be part of the “Stock Market Weekly Preview” series.
About the stock market weekly series
The special series by Senior Research Analyst – Mr. Manish Taneja has helped thousands of aspiring investors and traders to prepare for the stock market for the upcoming week.
The series started back on 31 March 2019 at IFMC Institute Official Youtube Channel, every Sunday. Backed by IFMC team of expert research and technical analyst to interpret the market, thereby, increase the probability to win trades.
Why attend the Stock Market Weekly Series?
IFMC aspire to mentor passionate investors and traders for stock market investing. With a dream to expand market reach. Nevertheless, stock market beginners and professionals can benefit to strengthen knowledge, thereby to develop trading confidence and discipline.
IFMC is the biggest stock market institute in India. A trademark for a simplistic approach to interpreting the share market for dummies. There are hundreds of stock market courses in the market based on a traditional approach but IFMC introduced Uni-Directional Trade Strategies course to bridge the gap between the traditional and modern need for developing market psychology.
Today, Uni-Directional Trade Strategies course is popular in more than 150+ countries. It is a revolutionary trading strategy among 45 lakh views from around the world. After the huge success of UDTS course, IFMC introduced M.A.D.E course based on fundamental analysis, unliked UDTS which is based on technical analysis.
Market Analysis by Data and Event (M.A.D.E) is an easy course for beginners to study the language of the market. Each program offer by IFMC is unique and simple.
Stock market weekly series is based on the application of Uni-Directional Trade Strategy and Market Analysis by Data and Event Course. Where aspirants can learn –
- How to trade in the market?
- How to buy trades in the market?
- Practically application of trading strategies
- What are the levels of the market using technical analysis?
- How to analyse market data using fundamental analysis technique?
- How to interpret news to analyse market trend?
- How to find profitable trades in the market?
Every trader needs a trading strategy to find a profitable trade. Therefore, to maximize profitability every trader needs two techniques. That it calculates market levels, interpret market data, and study market demand of supply. UDTS and M.A.D.E course benefits trades to find high earning day trades.
Beginners can enrol to the program here:
Coming back to our main topic, let’s begin our preparation for stock market for next week – 16 Sep to 22 Sep 2019.
Weekly Stock Market Preview
In our last post for a stock market preview for 9 to 15 September, we discussed how the domestic share market experienced a sentimental U-turn. Last week, both global and domestic market started to stabilize from easing of US-China trade war, the global slowdown, and good news coming around all corner.
NIFTY50 closed on 13 Friday 2019 at a Support Level of Rs. 11076. Which gained 1.18 percent – 140 points higher. It bounces backed short-term as expected.
Crude closed at 3915 which was 157 points down. Long-term investors were advised to maintain a long-term bear position till Nifty sustains above 11061. While short-term traders suggested short term bullish movement and pullback was expected at 10878 levels. Nifty50 rise almost 140 points and touched our resistance level of 11061 giving handsome returns to all. Offering a low-risk buying and higher profits in selling the stocks.
Now, let’s overview the market levels from last week.
Last week, the market got a good pullback that was expected by our research team. Very first-day Nifty almost touched our support of 10878 Monday and on Friday it closed around our given resistance of 11061 giving a handsome return of almost 140 points to short term traders.
Now, read how the market data and event from last week, will impact the domestic and international stock market levels.
Domestic Positive Market Factors
Last week, the market expected good news to take a revival turn. Some growth gestures were seen which sparked hope for the rivals of the market growth.
- Index of Industrial Production (IIP) growth rises to 4.3% in July 2019
- Retail inflation grew to 3.2% in August from 3.15% in July
- Indian Rupee appreciated against Dollar
- Indian monsoon showed larger impact of stock market
- GST rates in automobile expected to be cut to 18% from 28%
- 1.2% fall in crude oil
Global Positive Market Factors
- China monetary and rate cut stimulus plan-helps in easing
- Trump delays tariff hike against US-China trade
- China ease trade tensions
- ECB cut rates and given aggressive stimulus
- Global markets are positive on optimism on trade war
Negative Domestic and Global Market Factors
Last week, no major negative news or data was released in both domestic and global markets. This clearly indicates the market is profitable to trade. According, to the M.A.D.E, if the market offers positive news then the market trend will also remain positive.
There is no major forthcoming event expected for the upcoming week. In the domestic market, only WPI inflation data is expected to be released on 16th Monday, September 2019.
In the global market, China will release IIP data. Similarly, on 18 Wednesday, September 2018, Global outlook on Oil inventory data will be released.
Overall, no major market data is expected to be released for the upcoming week.
Let’s look at technical outlook for the stock market for the upcoming week.
- Nifty50 closed near resistance level1 at 11,075
- Nifty50 daily support level 1 – 10,986
- Support level 2 – 10,936
Daily and weekly interval nifty50 is expected to remain bullish market. The monthly resistance level is expected at 11060.
If on Monday (16 September 2019) NIFTY50 opens above the monthly support level of 11,075 and sustain resistance level of 11,060, then Nifty50 price is expected to reach 11,300.
To conclude, do not buy if the Nifty is below support level 2 Rs. 10,936. And do not sell shares above the resistance level 1 of Rs. 11,060. The range-bound market will remain between 10700 – 11300 with positive biased.
Here is what you should know to prepare for stock market trading for the coming week.
- Take a short-term bullish position if NIFTY50 levels rise above Support level 1 – 10986 and support level 2 – 10936.
- Long positional is still bearish till Nifty sustains above 11061 levels. Though it has crossed the level but it has to sustain for few days to confirm long term bullish trend.
- Do not take buying position below 10936 support level 2
To summarize, for short-term the market will remain bullish. And in the long-term, the market will remain bearish. If the market sustains below the resistance level of 11061 in the upcoming week, then traders should take long-term bearish trade position.
Hope you like the stock market weekly preview. For more information kindly refer to the video below by Mr. Manish Taneja.