Nifty Outlook:
In
the last 12 months Nifty did well but the smallcap stock pickers made
100 percent return in the last one year. Going into FY2018, Porinju
feels Nifty could well give 15-20 per cent growth in the Nifty and smart
stock pickers can make 50-100 percent in the same period. The market
direction in FY18 would be driven by global factors rather than local
ones. Triggers for the markets would be a pick-up in global GDP and
earnings growth, tax reforms and fiscal stimulus in the US, suggest
experts.
Bank Nifty Outlook:
Along
with strong flows from foreign institutional investors (FIIs) on the
back of strong economic fundamentals which makes India one of the sought
after investment destinations, domestic flows (DIIs) are picking
momentum too. Fiscal year 2017 was a cherishing year for investors. The
FII poured a net of Rs 50,206 crore into Indian equity market in FY17
compared to a net outflow of Rs 17,579 crore in FY16. The domestic
mutual funds pumped Rs 54,735 crore in the equity market, making them a
significant contributor in the market besides FIIs.
Nifty Trends
|
| R1 | 9320 |
| R2 | 9380 |
| S1 | 9270 |
| S2 | 9190 |
|
|
Technical Outlook:
Top Gainers
|
| ADANIPORTS | 357.75 |
| MARUTI | 6335.00 |
| RELIANCE | 1415.05 |
| ZEEL | 543.15 |
| HINDALCO | 197.80 |
Top Losers
|
| HDFC | 1492.00 |
| HCLTECH | 848.00 |
| COALINDIA | 290.00 |
| INFY | 995.20 |
| TECHM | 447.00 |
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