Last week, several stocks suffered a lot of loss. The banking sector is going through a round of turmoil, while FMCG seems to be attractive from the perspective of long-term investors. The retirement of the Bulish Camp has been shaken by the index reaching the lower level and Bears are hurting the weak stock every week. Mid and small cap companies have started declining. During the entire January, there was a process of decline in properties.
Technical analysis
According to estimates, the index reached the new low last week and many stocks saw fast selling. This trend may continue in the coming week. The level of stop loss for the index in the short term timemap has been fixed at 23,465 and 24,285 on a weekly basis.
Daily outlook
27 January 2025 (Monday, ups and down day)
This date is often considered positive and indications of prices hike. The second shift of the date (after 1.45 noon or after lunch) gives better results for contradictory trade. Stocks with poor results may have to fall.
28 January 2025 (Tuesday, ups and down day)
The performance of different indicators will be better. Participation will be very important as soon as possible. Traders should avoid overtreding, as most traders will be attracted to multiple trade.
29 January 2025 (Wednesday, Bullish)
There is an atmosphere of uncertainty about the market sentiment. Market players will try to be organized. The volume is likely to be slightly less and the price movement will be stable and in one direction. Use short duration (5 to 30 minutes) for day trading. Profit booking can appear due to selected level selling.
January 30, 2025 (Thursday, Bullish)
This date is positive. This is the best day of the week for intra -day profit. Momentum breakout indicators will give strong results. The market is suggested aggressively.
31 January, 2025 (Friday, Position Build-Up)
Natural resources and large cap companies are the best picks for this day. Also, Position Build-Up is suggested on this date.
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