Nifty & Bank Nifty trend for next week ( 12- 16 April)
Nifty & Bank Nifty trend next week ( 12-16 April ): Indian stock market closed marginally lower during the week ended 9 April. The surges in coronavirus cases and its restrictions weighed on the sentiments and capped on the market recovery. Next week will be the truncated one, markets will have four trading sessions due to the holiday on 14 April Wednesday on account of Dr. Ambedkar Jayanti. You can read the complete last week’s market highlights here
The key factors that may impact the Nifty and Bank Nifty trend for the next week are
Domestic events for next week
In the coming week, Indian stock markets will get influence mainly due to domestic events. Other than the coronavirus risk, the markets will have CPI and IIP data on the first day of the week. Inflation is expected to remain high due to food inflation, and we may also see lower IIP compared to the previous month. The earning season is going to start next week. The IT sectors will be in focus throughout the week due to Q4 earnings.
Economic data
| Economic Data Next Week | |
| 12 Apr 2021 | IIP data & CPI Inflation |
| 14 Apr 2021 | WPI Inflation data |
| 15 Apr 2021 | Balance of Trade, Export/ Import |
| 16 Apr 2021 | Foreign Exchange Reserve |
Q4 Earnings
| Q4 Results dates for Nifty50 Stocks | |
| 12 Apr | TCS |
| 14 Apr | INFY |
| 15 Apr | Wipro |
Global market cues
The global markets were closed mostly on the positive notes last week. The better-than-expected data, stable bond yields, the stimulus package, and hopes of speedy economic recovery were the reasons for positive global markets in the last week. However, Asian markets have seen some selling pressure due to increasing coronavirus cases in some countries and FIIs outflow. In the coming week, traders should closely watch out for the release of below global economic data.
| Important Global Macro Data Next Week | ||
| 12 Apr 2021 | Consumer Inflation expectation | US |
| 13 Apr 2021 | Balance of Trade, Export/ Import | China |
| 13 Apr 2021 | GDP, Industrial Production | GB |
| 13 Apr 2021 | Core Inflation rate March | US |
| 15 Apr 2021 | Retail Sales, Jobless Claim, Industrial Production | US |
| 16 Apr 2021 | GDP Growth Rate, Industrial Production | China |
Nifty and Bank Nifty trend next week (12 April – 16 April)
Nifty futures prediction for the week ( 12 April – 16 April )
Primary Trend of Nifty futures for next week: Mild Positive
Range-Bound Trend of Nifty futures: All up Moves Initiates Profit Booking (Sale) @ 15050 whereas All Down Moves Initiates Short Covering (Buy) @ 14800
Suppose Nifty share price in futures Moves Above 14932 and sustain. Then you should Buy Nifty futures with 1st Target of 14972 during the day or week with a Stop Loss of 14850 FOR the Target of 14972-15009-15047- 15130
Suppose Nifty share price in futures Moves Below 14850 and sustain. Then you should Sell with the 1st Target of 14813 during the day or week with a Stop Loss of 14932. FOR the Target of 14813- 14774- 14735 -14660
Bank Nifty trend for next week ( 12 April – 16 April )
Primary Trend of Bank Nifty future for the week: Mild Negative
Range-Bound Trend of Bank Nifty share price in future: All up Moves Initiates Profit Booking (Sale) @ 33300, whereas All Down Moves Initiates Short Covering (Buy) @ 31750
Suppose Bank Nifty share price in the futures Moves Above 32895 and sustain. Then you should Buy Bank Nifty futures with the 1st Target of 33110 during the day or week with a Stop Loss of 32430. FOR the Target of 33110 – 33350- 33610- 34060
If Bank Nifty shares price in the future Moves Below 32430 and sustained. Then you should Sell with the 1st Target of 32185 during the day or week with a Stop Loss of 32895. FOR the Target of 32185- 31970- 31760 – 31295
FII & DIIs investment in Indian stock markets
Foreign Institutional Investors (FIIs) were the seller and Domestic Institutional Investors (DIIs) were the buyer in the cash market segment last week. On the last day of the week, 9 April, both FIIs and DIIs were the seller in the cash market.
FIIs are continuously buying in the cash market segments for the last six months, and in April so far they are sellers in the cash market. Whereas the other Asian markets witnessed selling pressure from the FIIs in the last three months. Traders should closely watch the FIIs trading activity in the next week as they may start selling in the Indian equity markets too.
Coronavirus risk & Vaccination
The increasing coronavirus cases in India can dent the market sentiments in the coming week. India reported more than 1.45 lakh new cases on Saturday taking the total infected cases to a count of over 1.32 crore and 1.68 deaths so far.
The total active cases have increased from 1.25 lakh to 10.50 lakh in the last month and fifty percent of the active cases are from Maharashtra only. According to market experts, the second wave can last for 2-3 months and it can curb only by strict restrictions and lockdown. Traders/Investors are worried about the reimpose of restrictions and lockdown in India as it can affect the recovery of economic growth.
On the vaccine front, India so far administered around 10 crore vaccination. In the last few days, the vaccination shortage was reported in the private vaccination centers in Maharashtra. As per the government, the supply of vaccine doses will be made available in the next week.
You can also read daily morning market updates before the markets get open and Nifty fifty and Bank Nifty trends on daily basis.
You may also like to read, What is SGX Nifty? Can Indian trade in SGX Nifty?
Happy Investing!!
Editor’s Desk
Disclaimer-
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