Weekly Market Note : The coming week is going to test the market in a number of ways By Ms. Apurva Sheth, Samco Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/694625be75cd4f36eeb0632ae1a64b3f.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is weekly note on Market By Ms. Apurva Sheth, Head of Equity Research, Samco Securities
Expectations of the week -
The coming week is going to test the market in a number of ways as a multitude of important events are lined up. The USA’s much-anticipated inflation numbers, Producer Price Index (PPI), and the jobless claims data will keep the global markets on their toes. The inflationary problem is not just restricted to the west thus the Indian inflation numbers that are set to release will keep the markets back home busy. The Retail inflation eased to 7.04% in May vs. 7.79% in April, whether the declining trend continues or not is something that is keenly awaited. Aside from macro data, quarterly results will influence market sentiment. The management commentary on future earnings growth trajectory will be of interest to D- street. With a slew of important events coming up, investors are advised to be careful and cautious in their investment decisions. Nifty 50 closed the week at 16,220.6, up by 2.97%.
Market Technical Outlook -
The Nifty index closed the week on a positive note, close to the day’s high. In the short term, it may face stiff resistance around 16,200 levels. If it maintains above that level, the next obstacle could be around 16,500 levels. On the downside, 16,000 will serve as a strong support level.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/india22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Manish Chowdhury.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Suman Bannerjee.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/farm22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/karnal22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Economy.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GV_Singapur.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/fdi22.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/aecd4f4a5e886b873aa68500d027acd0.jpg)
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
![Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing week Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Monthly Debt Market Update, September 2023: CareEdge Ratings](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c5541407585e9dfdc52f905c92d59e61.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)
Post-market comment by Deven Mehata ,Research Analyst, Choice Broking
![Navigating the Road Ahead A Comprehensive Outlook for Indian Markets in 2024 by By Mr. Rishabh Goel, Tailwind Financial Services.](https://portfolio.investmentguruindia.com/uploads/news/New -Rishabh Goel -MD Tailwind Financial Services.jpg)
![Pre-market comment by Mandar Bhojane , Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker _14.jpg)
![Daily market commentary : Domestic equities opened positive but soon drifted into red witnessing huge sell-off amid profit booking by Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/Broker_88.jpg)