Let's hope for the best trade set-up for the upcoming months and here wishing you all readers good health & happy Investment.
-Financial underperform 3% Nifty bank negative 1st in 5 years.
-Mid Cap index 21% up regaining losses of 2018 & 2019.
-IT Index 55% up with biggest yearly gains since 2013.
-Sensex & Nifty are 15% up with positive return for the 5th straight year.
Today market may meander amid the trades & Global cues and flow remains strong.
Market Outlook 2021
-Economy facing stocks may keep doing well this year.
-Nifty is playing catch up for the last month.
-In 2020, Nifty Bank was down 4%.
-IT Pharma was up 55-60%.
The key risk for 2021 is to not pick up in the economy
Today 13,890 on the Nifty is a perfect stop loss for long trades. MidCaps & SmallCaps made a comeback rose for the first time in 3 years.
#1. Healthcare
#2.Technology
#1.Utilities
#2. Financials
Its the penultimate of 2020, we have had a fantastic year and global rally. Yesterday we saw Nifty setting a historical record high of 14,000. Lets hope for the best for the year 2021 in terms of investments.
The stocks to keep an eye will be the Banking and Financial Stocks, I.T Stocks, Pharma Stocks, Energy Stocks, and FMCG Stocks.
Keep these stocks under your radar for Trading and investments Today:
“Best wishes for a Fascinating Day in the Indian equities markets!
Cheerful Trading !!
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