Indian stock market trend for next week [ 22-26 March]
Market Trend-Key factors that may impact the Indian stock markets next week [ 22-26 March]
Market Trend next week ( 22- 26 March ): Indian stock markets closed almost 2 percent down during the week ended 19 March following the negative global cues and weak domestic macro data. Next week markets will remain volatile due to monthly F&O expiry. The next week, FIIs investment, US bond yields, and surges in news coronavirus cases should be closely watched out for by the traders.
The key factors that may impact the Indian stock market trend for the next week are
Global stock market trend next week
Global stock markets closed mostly in the negative zone last week. Federal Reserves’ accommodative stance in US monetary policy meet and hike in economic growth forecast has overshadowed by the rising of bond yields last week. The extensions of lockdown and slow progress of coronavirus vaccination in European countries were the concerns for the investors last week.
In the coming week, the emerging markets will closely monitor the rises in the US bond yields because FIIs will start withdrawing money if bond yield rises further. Other than bond yields and coronavirus lockdown, macroeconomic data that are going to release next week will set the global stock markets trend next week.
| Important Global Macro Data Next Week | ||
| 23 Mar 2021 | Unemployment rate | GB |
| 24 Mar 2021 | Jibun Bank Manufacturing PMI flash March | Japan |
| 24 Mar 2021 | Inflation Rate | GB |
| 24 Mar 2021 | Markit Manfg/Service/Comp PMI flash March | GB |
| 24 Mar 2021 | Markit Manfg/Service/Comp PMI flash March | US |
| 25 Mar 2021 | Initial Jobless Claim | US |
| 25 Mar 2021 | GDP Growth rate Q4 | US |
| 26 Mar 2021 | Tokyo Core CPI | Japan |
| 26 Mar 2021 | Retail Sales | GB |
Nifty and Bank Nifty futures for the next week (22- 26 March)
Indian stock market will have monthly F&O expiry next week on 25 March. The Indian stock market futures indices Nifty and Bank Nifty futures will remain volatile due to monthly rollover.
Nifty futures prediction for the week ( 22-26 March)
Primary Trend of Nifty futures for the week: Negative
Range-Bound Trend of Nifty futures: All up Moves Initiates Profit Booking (Sale) @ 14950 whereas All Down Moves Initiates Short Covering (Buy) @ 14600
Suppose Nifty share price in futures Moves Above 14790 and sustain. Then you should Buy Nifty futures with 1st Target of 14841 during the day or week with a Stop Loss of 14685 FOR the Target of 14841-14902-14947- 15026
Suppose Nifty share price in futures Moves Below 14685 and sustain. Then you should Sell with the 1st Target of 14640 during the day or week with a Stop Loss of 14790. FOR the Target of 14640- 14600- 14565 -14485
Bank Nifty futures prediction for the week ( 22- 26 March)
Primary Trend of Bank Nifty future for the week: Negative
Range-Bound Trend of Bank Nifty share price in future: All up Moves Initiates Profit Booking (Sale) @ 34700, whereas All Down Moves Initiates Short Covering (Buy) @ 33500
Suppose Bank Nifty share price in the futures Moves Above 34300 and sustain. Then you should Buy Bank Nifty futures with the 1st Target of 34590 during the day with a Stop Loss of 33970. FOR the Target of 34590 – 34709- 34830- 35130
If Bank Nifty shares price in the future Moves Below 33970 and sustained. Then you should Sell with the 1st Target of 33755 during the day with a Stop Loss of 34300. FOR the Target of 33755- 33525- 33220 – 32916
FII & DIIs investment in Indian stock markets
Foreign Institutional Investors (FIIs) have turned buyers for the last four days but that includes a couple of bulk deals. On a weekly basis, FIIs bought Rs 5893.68 crores whereas DIIs sold Rs 3037 crores. FIIs investment in the current month so far is Rs 9221 crores in the cash market segment.
The FIIs investment in the domestic markets has become volatile in the month of March due to a spike in bond yields in the US. The FIIs have also turned cautious due to an increase in inflation and fear of the second wave of coronavirus cases in India. At present except for India, other emerging markets have started seeing FIIs outflows in recent days. Investors should closely monitor the FIIs activity in the next week to know the Indian stock market trend.
Coronavirus risk & Vaccination
India recorded more than 43000 new coronavirus cases in the last 24 hrs, the highest single-day rise so far in this year. The active coronavirus cases have become almost double in the last 30 days. The recovery rate has also slipped to 96.12 percent from 96.82 percent seen in the last week. Maharashtra recorded more than 50 percent of the total infections followed by Punjab, Kerala, Karnataka, Gujarat, Tamilnadu, and Madhya Pradesh.
The resurgence of coronavirus infection has imposed restrictions and new lockdowns in several places. The further new restriction can hinder the progress of Indian economic recovery and negatively impact the Indian stock market trend. Traders/ investors need to monitor closely the second wave of coronavirus and its restrictions.
On the vaccine front, India has administered more than 4 cr vaccination till Friday as per the health ministry.
You can also read daily morning market updates before the markets get open and Nifty and Bank Nifty levels on daily basis.
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Happy Investing!!
Editor’s Desk
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