News

Published: December 11, 2023
Updated: December 11, 2023

Analysis of factors governing the market for the Week Ahead (Dec 11 - Dec 15)

As we approach the upcoming week, delve into a comprehensive breakdown of the significant economic events set to influence market movements and investor sentiments from December 11 to December 15.

Indian Economic Landscape (Dec 12 & 15):
Deciphering Data Points: CPI, IIP, and Trade Balances

On December 12, dissect India's economic health with the Consumer Price Index (CPI) and Index of Industrial Production (IIP). Shift attention to December 15 for insights into trade balances, bank loan growth, deposit trends, and more.

Global Economic Dynamics (Dec 11 - Dec 15):
Global Forces at Play: US Economic Calendar

Embark on a journey through the United States' economic calendar, starting from Consumer Inflation Expectations on December 11, unfolding with CPI, Fed decisions, and concluding with jobless claims on December 15.

Technical Perspectives (Week Overview):
Analyzing Trends: Nifty and Bank Nifty in Focus

Gain a deeper understanding of market trends as Nifty continues its upward trajectory and Bank Nifty consolidates. Explore potential breakouts, support levels, and expert insights to navigate the technical landscape.

Decoding Nifty's Journey (Dec 11):

● Nifty shows a 0.33% increase, reaching 20,969.4 points.
● Weekly Gain: Noteworthy 3.46%, marking the most substantial increase since July 2022.
● Technical Pattern (Dec 8): Nifty forms a near high wave bottom pattern, signalling a potential reversal if Friday's low is breached.
● Projected Range: Nifty is expected to fluctuate between 20,850 and 21,050 in the near term.

Bank Nifty's Trajectory:

● Recent Rally: Bank Nifty experiences a significant rally during the week.
● Consolidation Phase: Currently consolidating around 47,000.
● Breakout Potential: A decisive move above 47,200 might trigger a significant rally.
● Support Zone: Notable support at 46,500, where substantial put positions have been built.

Week of Economic Significance:

As we navigate this week of economic significance, these data points act as beacons, guiding investors through the complexities of Dalal Street and global markets.