Thursday, April 14, 2016

The Year Ahead for the Stock Markets and Commodities

Happy Baisakhi,Vishu and Bihu folks 

A combined reading of charts shows that the sensex, which is indicative of the mood of the stock market, will have a bullish undertone throughout year. By the time financial year comes to an end, the sensex will be in the range of 28,000-30,000. The nifty will also show healthy growth in range of 8500-9200.

The banks would be forced to declare their real NPA levels in their balance sheet. However, banking sector will gain added momentum and prices of bank shares will show an upward growth, shares of telecommunication, aviation and software companies will show strong growth.

Stocks of television channels and entertainment companies would show uptrend. There will be continued buoyancy in the stock market and this would be the right moment to enter stocks and make healthy profits.

Coming to the commodities market, Due to international trends, there will be in turbulence in gold prices rendering it fairly unstable. As a result, traders are advised to stay away from margin trading in Gold futures, until the period of uncertainty gets over.
Post a Comment

Popular Posts for last 7 days

All Time Popular Posts

Eq mkt Holidays for the 2017 year

Sr. No.

DateDayDescription
126-Jan-2017ThursdayRepublic Day
224-Feb-2017FridayMahashivratri
313-Mar-2017MondayHoli
404-Apr-2017TuesdayRam Navami
514-Apr-2017FridayDr.Baba Saheb Ambedkar Jayanti/ Good Friday
601-May-2017MondayMaharashtra Day
726-Jun-2017MondayId-Ul-Fitr (Ramzan ID)
815-Aug-2017TuesdayIndependence Day
925-Aug-2017FridayGanesh Chaturthi
1002-Oct-2017MondayMahatama Gandhi Jayanti
1119-Oct-2017ThursdayDiwali-Laxmi Pujan*
1220-Oct-2017FridayDiwali-Balipratipada
1325-Dec-2017MondayChristmas

*Muhurat Trading will be conducted. Timings of Muhurat Trading shall be notified subsequently.

The holidays falling on Saturday / Sunday are as follows:

Sr. No.DateDayDescription
109-Apr-2017SundayMahavir Jayanti
202-Sep-2017SaturdayBakri ID
330-Sep-2017SaturdayDasera
401-Oct-2017SundayMoharram
504-Nov-2017SaturdayGurunanak Jayanti