Nifty | Bank Nifty prediction for next week (11-15 Jan)
Factors that may drive the market next week (11-15 Jan), Nifty & Bank Nifty prediction
The market next week (11-15 Jan) & Nifty, Bank Nifty prediction: Indian stock market made a strong weekly gain and closed at a new record high in the first week of 2021 ended January 8. The benchmark indices Nifty and Sensex gained above 2% in the first week of 2021. Indian markets gained with the help of positive global cues, vaccine rollout news, and continuous buying by FIIs in the cash market segment.
Global market sentiments become positive after the U.S Democrats took control of the Senate. The coronavirus vaccine rollout in Europe and various countries, hopes of better quarterly earnings, and strong buying by the FIIs in the domestic markets also created positive sentiments in the stock market.
In the coming week, the below key factors may impact the Indian stock market
Quarterly earnings
The quarterly earnings season has started with TCS results. The December quarter TCS result was announced last Friday post market hours. The FYQ3 earning of TCS was better than the analyst expectations. The Indian stock market will first react to the earnings on Monday. The IT companies will be in focus in the coming week due to TCS results and the FYQ3 earnings of the below companies.
| Q3 Results dates for Nifty50 Stocks | |
| 13 Jan | INFY |
| 13 Jan | Wipro |
| 15 Jan | HCL Tech |
| 16 Jan | HDFC Bank |
Coronavirus risk
The new Coronavirus infection cases are recorded less than 20K on daily basis in India. There was a strong improvement in coronavirus recovery rate in the last week. At present, the total active cases are around 2.2 lakh in India. The new strain of coronavirus was reported around 90 cases in India so far, but there were no new cases in the last 24 hours.
However, the scenario is quite opposite in the U.S and European countries. These countries have an upward graph in terms of new coronavirus cases and the new strains of coronavirus also increasing. Investors should keep an eye on the increasing coronavirus cases worldwide.
Coronavirus Vaccine updates
India has finally set the date for the coronavirus vaccination drive on 16 January 2021. After several dry runs, Prime Minister Modi has announced the date for the vaccination drive last Saturday. In the first phase, the government intends to vaccinate 3 crore people and the priority will be given to frontline workers such as health, education, and police. In the second phase, people aged above 50yrs or any person having chronic diseases will be given priority.
The vaccination drive has already started in the European continent and the UK government has also given approval for Mordena Inc for emergency use.
Nifty and Bank Nifty prediction in futures for the week (11- 15 Jan)
Nifty prediction in futures for the week ( 11-15 Jan)
Primary Trend of Nifty futures for the week: Positive
Range-Bound Trend of Nifty futures: All up Moves Initiates Profit Booking (Sale) @ 14520 whereas All Down Moves Initiates Short Covering (Buy) @ 14330
If Nifty share price in futures Moves Above 14385 and sustain. Then you should Buy with 1st Target of 14418 during the day or week with a Stop Loss of 14325 FOR the Target of 14418- 14445- 14474- 14528
Suppose Nifty share price in futures Moves Below 14325 and sustain. Then you should Sell with the 1st Target of 14290 during the day or week with a Stop Loss of 14325. FOR the Target of 14290- 14240- 14206-14140
Bank Nifty prediction in futures for the week ( 11-15 Jan)
Primary Trend of Bank Nifty future for the week: Positive
Range-Bound Trend of Bank Nifty share price in future: All up Moves Initiates Profit Booking (Sale) @ 32950, whereas All Down Moves Initiates Short Covering (Buy) @ 31900
If Bank Nifty share price in the futures Moves Above 32205 and sustain. Then you should Buy with the 1st Target of 32309 during the day with a Stop Loss of 32030. FOR the Target of 32309 – 32450- 32710- 32965
If Bank Nifty shares price in the future Moves Below 32030 and sustained. Then you should Sell with the 1st Target of 31936 during the day with a Stop Loss of 32205. FOR the Target of 31936- 31820- 31680 – 31550
Global market cues
The global markets made a strong gain in the first week of January 2021. The stock market gains were registered last week due to vaccine rollout in Europe and other countries and the expectation of larger stimulus in the U.S after Democrats took control of the Senate. In the coming week, the investors should keep a close on the Stimulus news and the below given macroeconomic data.
| Important Global Macro Data Next Week | ||
| 11 Jan 2021 | Inflation rate | China |
| 13 Jan 2021 | Inflation rate | US |
| Balance of Trade | China | |
| 15 Jan 2021 | GDP | GB |
| IIP | GB | |
| Retail Sales | US | |
| Industrial Production | US | |
Domestic macroeconomic data:
The domestic market will remain volatile ahead of the IIP and CPI inflation data that are going to announce on 12 January. The retail inflations are expected to cool down in the month of December. The schedule of macroeconomic data for the next week are given below
| Macro Data Next Week | |
| 12 Jan 2021 | IIP data |
| CPI inflation | |
| 14 Jan 2021 | WPI Inflation |
| 15 Jan 2021 | Foreign Exchange Reserve |
| Deposit & Loan growth | |
FII & DIIs investment
On a weekly basis, FIIs were the buyers and DIIs were the seller. FIIs bought Rs 8758.01 crores whereas the DIIs sold Rs 4947.69 crores in the cash market segment during the week ended on 8 January 2021. The Foreign Institutional investors bought 80% of their weekly quota on the last day of the week. We van expected that the buying spree of the FIIs in the cash segment will continue in the coming week also.
You may also like to read, Intraday Trading books to make money from Stock Markets
Stock market holidays 2021-Indian & Global markets
Happy Investing!!
Editor’s Desk
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