Investors will eye several stock market triggers in the first week of the month including the ongoing October-December quarter results for fiscal 2023-24 (Q3FY24), the upcoming Monetary Policy Committee (MPC) meeting by the Reserve Bank of India (RBI), foreign capital inflow, along with other domestic and global cues.
Swastika Investmarts' Pravesh Gour agreed that Nifty 50 has recently reached a new all-time high, reaching 22,126. However, for sustained upward momentum, it's crucial for the index to maintain this level; otherwise, it might revert to a sideways trend.
‘’Above the 22,126 mark, the next targets will be 22,350 and 22,500. Conversely, on the downside, the range between 21,640 and 21,500 presents an immediate demand zone,'' added Gour. Read More:
- Week Ahead: RBI Policy, Q3 Results, Macro Data, Global Cues Among Key Market Triggers This Week - Livemint
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- RBI Interest Rate Decision, Global Trends to Dictate Stock Markets: Analysts - Business Standard
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- RBI Interest Rate Decision, Global Trends, Earnings to Dictate Stock Markets: Analysts - The Hindu Business Line
- RBI Interest Rate Decision, Global Trends, Earnings to Dictate Stock Markets: Analysts - The Hindu Business Line
- RBI Interest Rate Decision, Global Trends, Earnings to Dictate Stock Markets: Analysts - NDTV Profit
- RBI Interest Rate Decision, Global Trends, Earnings to Dictate Stock Markets: Analysts - Zee Business
- RBI Interest Rate Decision, Global Trends, Earnings to Dictate Stock Markets: Analysts - The Week
- RBI Interest Rate Decision, Global Trends, Earnings to Dictate Stock Markets: Analysts - ABP Live
- Factors That Will Dictate Markets This Week - Rediff
- RBI Interest Rate Decision, Global Trends, Earnings to Dictate Stock Markets: Analysts - News Drum
- RBI Interest Rate Decision, Global Trends, Earnings to Dictate Stock Markets: Analysts - The Free Press Journal
- RBI Interest Rate Decision, Global Trends, Earnings to Dictate Stock Markets: Analysts - Business Standard (Hindi)
- Market Outlook This Week: Analysts Say RBI Interest Rate Decision, Global Trends, Earnings to Dictate Stock Markets - Financial Express (Hindi)
- RBI MPC Meeting, Q3 Earnings, FII Action Among These Factors to Drive D-Street Action This Week - News18 (Hindi)
- RBI Monetary Policy Will Decide the Direction of the Stock Market: Know Whether it Will be Bullish or Bearish Next Week - India TV
