Stock Market Prediction next week (17 Jan – 21 Jan 2022)

 

Stock Market Prediction next week (17 Jan – 21 Jan 2022): Last week Indian stock markets ended on a strong note for the fourth consecutive week in a row. The key benchmark indexes gained around 2.5 percent on the back of buying in the IT and banking stocks during the week. The broader markets outperformed as compared to their larger peer for the week ended 14 January. You can read last week’s market updates here

Indian markets got support from positive Q3 corporate earnings and in the hope of a strong economic outlook despite surges in Omicron variants in the country. In the coming week, there are no major events scheduled on the domestic front. Indian markets will set direction based on Q3 corporate earnings, global cues, and development in Omicron variants. 

 

Key factors that are likely to influence the stock market prediction next week  (17 Jan- 21 Jan 2022)

 

Q3 Corporate Earnings

 

Indian markets closed higher last week with the support of Q3 Corporate earnings. Infosys, TCS, Wipro, have reported their Q3 earnings in the last week, except for Wipro, the other two have beat the market estimates and performed well in the market.  HCL Tech and HDFC bank have also announced their Q3 earnings in the post-market hour on Friday and Saturday respectively. Their earnings report was in line with the market expectations, on Monday markets are expected to react positively to both the stocks. The next week’s Q3 earnings of Nifty stocks are given below

 

Q3 FY22 Result dates for Nifty50 Stocks
17 Jan 2022	Ultratech Cement Co
18 Jan 2022	Bajaj Finance
19 Jan 2022	Bajaj-Auto
20 Jan 2022	Asian paints
20 Jan 2022	Bajaj Finserve
20 Jan 2022	Hindustan Unilever
21 Jan 2022	HDFC Life
21 Jan 2022	JSW Steel
21 Jan 2022	Reliance
21 Jan 2022	SBI Life
22 Jan 2022	ICICI Bank

 

Omicron Covid Virus & Risk

 

India reported 2,71, 202 fresh covid cases with 314 fatalities in the last 24 hrs, a marginally higher than Saturday’s cases as the Union Ministry of Health showed the data on Sunday morning. A total of 7743 Omicron cases have been detected so far in India an increase in 28.17 percent cases since Saturday. The country’s active covid cases now stand at 1550377. India completed 1 year of its mega covid vaccination drive on Sunday and has administered more than 156 cr vaccine doses so far.

Covid cases are increasing worldwide including India, as per the medical expert, the third wave is milder than the earlier covid waves. The risk of hospitalization and fatality rate, so far, is less than earlier waves. In the third wave, covid impacts on the economy are expected to be very less as compared to the earlier waves as per the market experts. This is supporting the stock market sentiments at present, any further positive developments in covid cases can boost market sentiments.

Global stock market Cues 

 

Last week global market cues were negative for the Indian markets. The higher US inflation rate, weak economic data, higher bond yields, and surges of Omicron cases hit the market sentiments during the week. Globally investors are worried about the tightening of US monetary policy and surges of fresh covid cases and its impact on the economy. The important macroeconomic data scheduled for the next week are given below

 

Important Global Macro Data Next Week
17 January 22	Industrial Production Dec	China
17 January 22	Retail Sales Dec	China
17 January 22	GDP Growth Rate	China
17 January 22	Unemployment rate Dec	China
18 January 22	BoJ interest rate decision	Japan
18 January 22	Industrial Production Nov	Japan
18 January 22	Unemployment Rate Nov	GB
19 January 22	Inflation rate dec	GB
20 January 22	Balance of trade Exp/Imp	Japan
20 January 22	Initial Jobless Claim	US
21 January 22	Inflation rate Dec	Japan
21 January 22	Gfk Consumer Confidence	GB
21 January 22	Retail Sales Dec	GB

 

Nifty & Bank Nifty trends for the next week (17 – 21 January 2022) 

On the weekly chart, the Nifty spot price trading range for the week is 18050 to 18500. You can buy near low and sell at high. The current trend is positive for Nifty

Bank Nifty spot price trading range for the week is 37500 to 39500. You can buy near low and sell on the higher side. The current trend in Bank Nifty is positive.

You can also follow our daily Nifty and Bank Nifty futures, trends, trading strategies, and market updates.

 

FII & DIIs flow

 

The Foreign Institutional Investors (FIIs) were turned sellers again during the week ended 14 January. The Domestic Institutional Investors (DIIs) were continued to buy in the cash segment. FIIs sold Rs 4002.94 crores, while DIIs bought Rs 3629.03 crore in the cash segment for the week ended 14 January 2022.

After buying in the previous week, FIIs have turned seller in the last week again. Trades now need to watch out closely the FIIs mood in the next two weeks ahead of the union budget 2022. 

 

You can also read daily morning market updates before the markets get open and daily Nifty and Bank Nifty futures Prediction in the evening on our website.

 

You may also like to read, MONEY BHAI Review: Here’s what you should know

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Editor’s Desk