Ring In The New Year: NIFTY’s Week Ahead Forecast!

It’s almost the end of 2020 and if you have been following the trends of the stock markets, you can tell the Nifty (Index of Indian Stock Markets) is ready to have a great start in 2021. To get a better perspective of how the market is supposed to perform, we decided to take a look at the week ahead. To begin with, traders are cautiously optimistic when it comes to the stock markets. This is mainly due to the assassination of Iran’s Major General Qassim Suleimani by the United States in early January. Despite this, market sentiment remains positive, buoyed by hopes of the United States-China trade deal and the ratification of the US corporate tax cuts. The Nifty also got great support from the Reserve Bank of India who reduced interest rates and released more liquidity into the markets. These steps have resulted in Nifty hovering around the 12,000 mark, setting a strong foundation for the next year. 2020 saw some of the biggest bull runs in the stock market, and 2021 is likely to kick it off with a bang. The markets are expected to remain within the range of 11,500 to 12,500 points, with the Nifty likely to remain range bound for the foreseeable future. With no major policy changes likely to come in the near future, the markets should remain stable for the next few months. Looking further ahead, the Nifty is likely to move higher in the long-term, driven by global developments, new foreign inflows, and the ongoing reform process. There is also expected to be an increase in equity investment in the medium-term, as investors look to capitalize on the upcoming bull run. In conclusion, although global events could play a major role in influencing the markets in 2021, the Nifty is likely to close the year on a positive note. With the economic outlook set to improve further, markets are in a good place to make some solid gains in the New Year. It’s almost the end of 2020 and if you have been following the trends of the stock markets, you can tell the Nifty (Index of Indian Stock Markets) is ready to have a great start in 2021. To get a better perspective of how the market is supposed to perform, we decided to take a look at the week ahead. To begin with, traders are cautiously optimistic when it comes to the stock markets. This is mainly due to the assassination of Iran’s Major General Qassim Suleimani by the United States in early January. Despite this, market sentiment remains positive, buoyed by hopes of the United States-China trade deal and the ratification of the US corporate tax cuts. The Nifty also got great support from the Reserve Bank of India who reduced interest rates and released more liquidity into the markets. These steps have resulted in Nifty hovering around the 12,000 mark, setting a strong foundation for the next year. 2020 saw some of the biggest bull runs in the stock market, and 2021 is likely to kick it off with a bang. The markets are expected to remain within the range of 11,500 to 12,500 points, with the Nifty likely to remain range bound for the foreseeable future. With no major policy changes likely to come in the near future, the markets should remain stable for the next few months. Looking further ahead, the Nifty is likely to move higher in the long-term, driven by global developments, new foreign inflows, and the ongoing reform process. There is also expected to be an increase in equity investment in the medium-term, as investors look to capitalize on the upcoming bull run. In conclusion, although global events could play a major role in influencing the markets in 2021, the Nifty is likely to close the year on a positive note. With the economic outlook set to improve further, markets are in a good place to make some solid gains in the New Year.