Team Aman Chugh Financial Market Educational Updates

 Team Aman Chugh Financial Market Educational Updates

View on Nifty πŸ–ŠπŸ”Ž

- On the Technical front, Nifty has formed a bullish candle and decisively closed above 10500 level. Nifty gyrate within 20-30 points range during the day but jumped 40-50 points in last half an hour

- Market has given breakout from its psychological level of 10500 and ready to move up to 10600-10700 levels. If Nifty could manage to sustain above 10500 level then we can witness further rally of 100-150 points in January expiry

- Market continued to move up and behaving stocks specific as many stocks along with Nifty are touching their lifetime high on a daily scale indicates bulls are still intact & holding strong grip in market

View on USD/INRπŸ–ŠπŸ”Ž

- USD INR is likely to trade between 63.80 - 64.80 range for a short-term

Sectors to track with Positive Outlook πŸ–ŠπŸ”Ž

- Metals, NBFCs
- Auto, Reality

Stocks to track with Positive outlook πŸ–ŠπŸ”Ž

- Reliance, DLF
- Maruti, Philips Carbon

Regards

www.jayantharde.com
www.amanchughca.com

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