Stock Market Prediction Next Week (26 to 30 July 2021)

 

Indian stock market prediction next week (26-30 July): Indian stock markets declined marginally lower during the week ended 23 July. The broader markets also closed lower in line with their larger peers. The domestic market fell at the start of the truncated week due to weakness in the global markets. The markets later trimmed their early week’s losses after strong corporate earnings and support from global markets.

Factors that may impact the Indian stock market prediction next week (26-30 July) are

 

Corporate earnings for Q1FY22

 

Almost a dozen of Nifty 50 companies have reported their Apri-June end quarterly earnings this week. JSW Steel and Reliance Industries have posted their Q1 result on Friday post-market hours. ITC Q1 results are expected later today.

JSW Steel reported a PAT of Rs 5904 crore and its revenue rises to 145% beats estimates. Reliance PAT jumped 67% to 13806 crores beats estimates but revenue stood 1.44 lakh crores is below analyst expectations. ICICI Bank reported its Q1 results on Saturday, net profit rises 78% to Rs 4616 crores as provision falls, NII increased 18% YoY to Rs 10936 crore, beat estimates. 

On Monday Indian stock markets will first react to the Reliance, JSW steel, ICICI Bank, and ITC Q1 results. There are a total of fifteen Nifty 50 companies that are going to announce their Q1 results next week, the schedule is given below.

 

Q1 FY22 Results dates for Nifty50 Stocks
26 July 2021	Axis Bank
26 July 2021	Kotak Bank
26 July 2021	L&T
26 July 2021	SBI Life
26 July 2021	Tata Motors
27 July 2021	Dr. Reddy
27 July 2021	IndusInd Bank
28 July 2021	Maruti
28 July 2021	Nestle India
29 July 2021	TechM
30 July 2021	Britannia
30 July 2021	IOC
30 July 2021	Sun Pharma
30 July 2021	UPL
31 July 2021	NTPC

 

Global market cues

 

The global markets mostly closed higher during the week ended 23 July. The global cues were negative at the start of the week due rise in delta variants in various countries and fears of slow economic growth but later markets rebound due to strong corporate earnings. 

The Federal Reserves meeting outcome is scheduled for 28 July and it may impact the Indian stock market prediction for the week. The other global economic data that are going to announce next week are given below.

 

Important Global Macro Data Next Week
26 July 2021	Jibun Bank Flash PMI	Japan
27 July 2021	Industrial Profits	China
28 July 2021	Fed’s Interest Rate decision	US
29 July 2021	GDP growth rate	US
29 July 2021	Initial Jobless Claim	US
29 July 2021	BOE Consumer Credit	GB
30 July 2021	Unemployment rate	Japan
30 July 2021	Retail Sales	Japan
30 July 2021	Industrial Productions	Japan
30 July 2021	PCE Price Index	US

 

Stock Market Prediction for the F&O expiry week (26 – 29 July)

 

 

 Nifty Futures prediction for the next week ( 26 – 29 July )

 

Primary Trend of NSE Nifty index futures for next week: Positive

Range-Bound Trend of Nifty futures: All up Moves Initiates Profit Booking (Sale) @ 15950 whereas All Down Moves Initiates Short Covering (Buy) @ 15800

Suppose Nifty share price in futures Moves Above 15865 and sustain. Then you should Buy Nifty futures with 1st Target of 15897 during the day or week with a Stop Loss of 15790 FOR the Target of 15897- 15932- 15974- 16030

Suppose Nifty share price in futures Moves Below 15790 and sustain. Then you should Sell with the 1st Target of 15758 during the day or week with a Stop Loss of 15865. FOR the Target of 15758- 15727- 15695 -15670

 

Bank Nifty Futures Prediction for next week (26 – 29 July)

 

Primary Trend of Bank Nifty index future for the week: Positive 

Range-Bound Trend of Bank Nifty share price in future: All up Moves Initiates Profit Booking (Sale) @ 35400, whereas All Down Moves Initiates Short Covering (Buy) @ 34850

Suppose the Bank Nifty share price in the futures Moves Above 35220 and sustains. Then you should Buy Bank Nifty futures with the 1st Target of 35360 during the day or week with a Stop Loss of  34930. FOR the Target of 35360 – 35450- 35690- 35930

If Bank Nifty shares price in the future Moves Below 34930 and sustained. Then you should Sell with the 1st Target of 34840 during the day or week with a Stop Loss of 35220. FOR the Target of 34840- 34750- 34570 – 34380

 

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FII & DIIs investment 

 

Foreign Institutional Investors (FIIs) were sellers while Domestic Institutional investors (DIIs) were buyers in the cash market during the week ended 23 July. FIIs have sold Rs 5444.57 crore while DIIs have bought only Rs 5051.15 crore in the cash market segment during the week.

FIIs/FPI’s outflow for the month of July was 12368.18 crore. The FIIs/FPIs are booking profit near the all-time high and choose to sideline in the markets. The good part is they are not selling big and aggressively, so we may not see any sharp correction in the domestic markets in the coming days. Traders need to closely monitor the FIIs selling closely in the coming days.

 

Coronavirus risk & Vaccination

 

On Saturday morning, India reported 39097 new covid 19 cases with 546 deaths in the last 24 hours according to the Health Ministry report. The active cases now stand at 4,08,977, while the recovery rates stand at 97.35 at national levels. The data shows that the active caseload has increased by 3,464 in a day.

Though coronavirus infection is not rising in India, the rapid spread of delta variants is a serious concern in other parts of the world especially in the UK, US, Australia, Japan, etc. Last week we have seen a sharp correction in the global markets due to its fear that it could slow down the global economy again.

So far India has administered 42 crore vaccination and is expected to be inoculated all citizens above 18 years by December this year. Government is likely to accelerate the vaccination drive from August onwards. Traders should closely monitor the news-related delta variant as it may further dent the market sentiments.

You can also read the daily morning stock market prediction 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,  5 Best Stock Market Books- Beginners Must Read in 2021

                                            Intraday Trading books to make money from Stock Markets

 

Happy Investing!!

Editor’s Desk

 

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