Weekly post on Indian Market for the week January 23 2016 to January 27 2016

Before we begin the ensuing week, it may be kept in mind that the  week might as well turn out to be eventful both on account of the settlement of Futures and Options series of January 2017 and it also being a truncated week owing to Holiday on January 26 2017, the Indian Republic Day.

The benchmark index, the Nifty in all likelihood seems unlikely to expire the current series beyond 8500, even expiry below 8400 cannot be ruled out. However it may turn out to be weak with the lower bounds being unlikely to be below 8200.

Now with the broad range being 8200 to 8500, the immediate support for the Nifty is at 8316 which if breached may see the index testing the supports of 8261, 8188 and 8110. Likewise the immediate resistance to Nifty is at 8371 which if conquered with good volumes may see it heading towards the next resistances which are at 8415, 8458 and 8512.

The Nifty in particular will tend to be volatile and is expected to loose ground in a sharp way. Those of you who are interested in short-term trading (period ranging from 2 days to a week) and those interested in parking your funds with a mid term horizon (of a month to three months, with expectation of 20% + returns per month) may consider subscribing to this blog through e mail. Its free of cost. 

There are, however, excellent opportunities in the Indian market which are likely to be available at very attractive rates in the coming week and days.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.