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.

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