Market Outlook: Will Monday Be Bullish or Bearish | Parkavi Finance

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 Nifty Market Outlook: Key Levels and Projections | Weekly Stock Market Wrap

Overview of FIIs Selling and Market Volatility

Tamilini:

This week, our stock markets remained volatile, Akshita.

Akshita:
Yes, Tamilini. Foreign Institutional Investors (FIIs) continued their selling, which dragged the Nifty and Sensex down by 0.2% and 0.4%, respectively.

Sector Performances – Gainers and Losers

Tamilini:
However, broader markets performed well, with the BSE Midcap and Smallcap indices rising by 1.1% and 1.2%.

Akshita:
Yes, Tamilini, Healthcare and Auto sectors were the top gainers this week.

Tamilini:
At the same time, the Metal and FMCG sectors witnessed significant losses. The main reason for this was continued selling by FIIs.

Akshita:
The Reserve Bank of India's Monetary Policy Committee (MPC) decision also affected the market. While the repo rate remained unchanged, the stance shifted from “Withdrawal of Accommodation” to “Neutral.”

Tamilini:
Yes, I believe that's why the market dipped further, Akshita.

Akshita:
The reduction in import duty on gold led to strong growth in the jewellery sector. However, the IT sector still shows sluggish performance, with recovery expected only in the coming months.

Corporate Results Highlights (Reliance, Infosys, HDFC Bank)

Tamilini:
Next week, the earnings season will gather pace, with companies like Reliance, Infosys, and HDFC Bank set to release their results, which could drive market activity.

Global Market Updates and Macroeconomic Calendar

Akshita:
Yes, Tamilini, but investors should be cautious. India’s September CPI, WPI, and trade data will be key market triggers to watch.

Tamilini:
Additionally, geopolitical tensions in West Asia and FII inflows will continue to impact market sentiment.

Akshita:
In September, equity inflows into mutual funds slightly decreased, but SIP inflows hit a new record of ₹24,509 crore, which is a positive sign.

Tamilini:
Another reason for optimism is the strong inflows into sectoral and thematic funds, along with healthy growth in large-cap, mid-cap, and small-cap funds.

Akshita:
An important update: NSE and BSE are making significant changes to their weekly options trading from November 20, 2024.

Tamilini:
Yes, NSE will retain only Nifty weekly options, while all other indices will switch to monthly expiries. This move is intended to curb market volatility caused by excessive activity on expiry days.

Key Support and Resistance for Nifty

Tamilini:
The Nifty's support lies at 24700-24650 levels.

Akshita:
On the upside, 25250-25300 will act as a resistance. Any sustainable move above or below these zones could result in a strong directional move.

Technical Levels: Nifty's Support Zones and Upside Potential

Tamilini:
If the Nifty slips below 24650, the next support is at the 100-day EMA, placed at 24430.

Akshita:
If Nifty sustains above 25300, we could see a rally up to 25600, and even 25850 in the short term.

Tamilini:
These levels are crucial for market sentiment.

Tamilini & Akshita:
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Get a comprehensive update on this week's Nifty and Sensex movements. We cover key support and resistance levels, the ongoing impact of FIIs selling, and important corporate results. Sector performance is analyzed to give insights into which areas are gaining and which are losing momentum. Additionally, you'll learn about the technical outlook for potential short-term rallies, and how global updates could influence market trends. Whether you're looking for information on profit booking or anticipating new highs, this report provides the key strategies for the upcoming week. Stay informed and make better investment decisions with our detailed market analysis.

Nifty support levels 2024,
Sensex resistance levels,
FIIs selling impact October 2024,
Nifty 100-day EMA,
Weekly stock market outlook,
Parkavi Finance market update,

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