Monday, November 9, 2020

Stock Market Outlook 10 Nov 20 | BankNifty , Nifty

  

 Nifty and BankNifty, Stock Market Outlook 10 November 2020 

Nifty: 12461 + 197
 BankNifty: 27536 +735

Stock Market Today 

Continuing their northward movement for the sixth straight day, Indian equity markets gained over one and half percent to settle at record closing high levels on Monday, taking cues from their global peers which rose following Joe Biden’s victory in the US presidential election. 

Hectic buying activity which took place during second half of trade mainly drove the markets higher, with frontline gauges ending above their crucial 42,550 (Sensex) and 12,450 (Nifty) mark. Both the indices made gap-up opening and traded in fine-fettle for whole day, as traders got encouragement with PHD Chamber of Commerce and Industry’s President Sanjay Aggarwal’s statement that the economy is going to attain its fastest growth trajectory from the next financial year 2021-22 onwards. 

Traders also drew some comfort with Dinesh Khara, Chairman, State Bank of India’s statement that the Indian economy is expected to be on normal course by early next fiscal even while the investment demand from corporate might take some time to pick up.



Nifty Outlook


Friends as we discussed yesterday that we are moving towards new all time high and today we made a new all time high . Still our long term and short term outlook is very positive and further more all time high and firecrackers  will be seen in the market in upcoming days.

As today we made a lifetime high so tomorrow a very sharp upside price momentum can be seen in the market. So tomorrow Nifty can test 12748 level in upside. Make long position in every opportunity.

BankNifty Outlook


 Still our long term and short term outlook is very positive and further more  firecrackers  will be seen in the market in upcoming days.

 So tomorrow a very sharp upside price momentum can be seen in the market. So tomorrow BankNifty can test 27986 level in upside. Make long position in every opportunity.


Thanks for your Precious Time.


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