HOWS MARKET MOVE NEXT WEEK?? @20FEB2023

 10 KEY FACTORS FOR NEXT WEEK!!!!

The market maintained its upward journey for third consecutive week ended February 17 supported by persistent FIIs buying. But the rangebound and consolidation trend is not yet over given the pressure at higher levels due to hawkish comments by Fed officials and rising US dollar index.

The benchmark indices climbed half a percent each during the week, with the BSE Sensex closing tad above 61,000 and the Nifty50 at 17,944, but the mood was subdued in the broader markets with the Nifty Midcap 100 and Smallcap 100 indices falling over a percent each.

Infrastructure, technology, energy, metal, and select FMCG stocks supported the sentiment, but the gains were limited due to selling in auto, banking & financial services and healthcare stocks.

Given the absence of domestic triggers, all eyes will be on global cues with market participants focussing largely on FOMC minutes and second estimates for fourth quarter US GDP numbers, experts said. As far as the market trend is concerned, they expect the rangebound and consolidation to continue in coming week as well, with a positive bias, and the monthly expiry of February derivative contracts may add some more volatility.

 1.FOMC Minutes  

 2.Global Economic Data Points

 3.Monetary Policy Meeting Minutes

 4.Domestic Economic Data Points

 5.Indian Rupee


7.Technical View

8.F&O Cues

9.India VIX

10.Corporate Action

THANKS AND REGARDS,
PRASHANT JAGTAP

(Stock market trading and investing are subject to market risks,kindly contact your financial advisor before trading or investing)

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