Stock Market Trading For Coming Week.!!!

Stock Market rejoiced all over the world on back of bond-buying plan of ECB last week.Nifty also opened with gap up and closed with huge gain, but Stock markets are likely to witness volatile trading in the coming week in view of industrial output and inflation data that are lined up for release, July's industrial output data will be released on September 12, and August headline inflation figure on September 14 and it ll be key triggers for our Market and it will provide key inputs for a decision on interest rates coming ahead of RBI's monetary policy review on September 17.The Indian markets will continue to take positive cues from global events in spite of the weak domestic economic and political environment.But It will not be easy to hold on to the gains amid growing concerns about the economy and the government's ability to push through key reforms.

IF Nifty sustains above 5350 likely upside target shall be 5400-5450. On the other hand, if it goes below the 5300 level, further selling pressure is likely up to 5280-5250.

 

 

 

 Jain Irrigation looks oversold on chart we can buy it with stop-loss of 50 and target of 80.

 NOTE:-PLEASE FOLLOW STRICT STOP LOSS & BOOK PROFIT WHENEVER YOU FEEL LIKE.HAPPY & SAFE TRADING.ENJOY.